#AltcoinSeasonComing
BITCOIN FUNDAMENTAL UPDATE 🚀
Bitcoin is currently trading near 103200, extending its strong bullish rally after a historic breakout above the psychological 100000 level. The price structure remains bullish, indicating buyers are firmly in control as we move toward uncharted territory.
🔹 Current market situation
BTC is trading well above all major EMAs (20, 50, 100, and 200) on the daily timeframe, reinforcing the bullish trend. The RSI is elevated but still below extreme overbought levels, suggesting there is potential room for further upside without immediate exhaustion.
🔹 Important technical point
Bitcoin has convincingly broken and closed above the key psychological 100000 barrier. A daily close above this zone signals potential continuation toward price discovery. On the downside, 98000 and 95200 serve as key support levels in case of any pullback during the weekend.
🔹 Fundamental catalyst to watch
As we enter weekend, and key high-impact events are lined up for next week including US CPI, PPI, unemployment claims, and Powell’s speech. These events could inject significant volatility into the market and influence Bitcoin’s next major move.
🔹 What to expect
If the current bullish momentum sustains, Bitcoin could attempt a new all-time high in the upcoming week. However, with weekend liquidity typically lower, minor retracements may occur. Traders should prepare for sharp movements around major news events and stay adaptive.
