Bitcoin is showing powerful bullish momentum on both the daily and weekly timeframes — and the charts are screaming breakout potential! With recent confirmation of an uptrend, traders are now eyeing the next big targets. Let’s break it down in simple terms!
---
Key Levels to Watch
Daily Chart (Left Panel):
Breakout above $98,125 confirms bullish structure
Immediate resistance sits around $107,725
Major upside target: $114,355
Support zones:
$98,725
$96,875
Strongest support near $90,675
Weekly Chart (Right Panel):
Resistance at $105,575 seems to be holding for now
If it breaks, the rally could extend beyond $110K
In case of a rejection, look for pullbacks to:
$102,085
$100,685
Worst-case drop to $97,835
---
What This Means for Traders
Bullish Scenario:
If BTC holds above $98K and reclaims the $105K zone, we may see a parabolic rally toward $114K and beyond. The trend is strong, volume is rising, and market sentiment is turning positive.
Bearish Scenario:
If price fails to maintain support around $100K, a deeper correction toward the mid-$90K region could follow. But for now, the bulls are in control!
---
Why This Matters
With macro factors stabilizing and halving hype still fueling interest, BTC is positioned for an exciting move. Long-term investors may find confidence in the higher lows and bullish EMAs, while short-term traders should prepare for both breakout and pullback setups.
---
Trade smart, stay alert, and follow the trend — Bitcoin is writing a new chapter!
Will it break into six figures? Only time will tell — but the chart looks ready!
---
Not financial advice. Always DYOR and manage your risk.