#BTCBreaks99K
Bitcoin has surpassed $99,000, approaching the anticipated milestone of $100,000. This increase is due to several factors:
- *Federal Reserve Decision*: The Fed kept interest rates unchanged, which generated optimism in the market.
- *Trump's Statements*: President Trump mentioned a possible "significant trade deal" with a "highly respected country," boosting market confidence.
- *Institutional Adoption*: The growing acceptance of Bitcoin by financial institutions is evident in the massive inflows into Bitcoin ETFs in the U.S.
*Technical Analysis*:
- The current price of Bitcoin is $98,005, with an increase of 0.56% in the last 24 hours.
- The trend is bullish, with strong upside potential and resistance at $98,500-$100,000.
- Key support levels are $95,000 and $90,000.
*Predictions*:
- *Bullish Scenario*: If buying pressure continues, Bitcoin could surpass $100,000 and reach $105,000 or $110,000.
- *Bearish Scenario*: If Bitcoin experiences a correction, support levels at $90,000 or $85,000 could present buying opportunities.
*Strategies*:
- *Trend Following*: Maintain long positions and take advantage of the upward momentum.
- *Risk Management*: Use Stop Loss orders to protect profits and limit losses.