#BTCBackto100K
Bullish, and Bitcoin is above the Exponential Moving Average (EMA) which supports positive momentum.
Candles:
Inverted Hammer candle at the bottom followed by a rise.
Fibonacci:
A bounce from the 0.618 level confirms a healthy correction within a bullish trend.
Support and Resistance:
Strong support at 95,000 and psychological resistance at 100,000.
RSI and MACD:
Momentum is strong (RSI = 68.31), and MACD indicates continuous upward movement.
Summary:
The trend is positive, and breaking 100k may open the way for higher levels, but a correction is possible.
⭐Entry after breaking a strong daily candle and closing above 100k
Targets:
105k
110k
120k