💰 Technical Analysis for Currency $BTC (Bitcoin)

🕒 Current Price: $103,000

📅 Date: May 14, 2025

🧠 Overview:

Bitcoin continues to hold above the $100,000 barrier, reflecting strong investor confidence and the possibility of the market entering a "pre-full bull run" phase. The price is currently moving sideways within a consolidation channel that may end with a price explosion.

📊 Key Support and Resistance:

🔻 Strong Support: $98,500

🔻 Second Support: $94,000

🔺 First Resistance: $106,000

🔺 Critical Resistance: $112,000 (breaking this may pave the way for a new ATH)

📈 Technical Indicators:

✅ RSI at 61: Still in a healthy zone supporting continued upward movement.

✅ MACD in a positive crossover with increasing momentum.

✅ Moving Averages (50 and 200 days): The price is above them, reinforcing the upward trend.

🚀 Positive Scenario:

If resistance at $106,000 is broken firmly, the price may quickly head towards $112K then $120K supported by a potential FOMO wave.

⚠️ Negative Scenario:

If the $98,500 level is broken, we may see a correction down to $94K, which is likely a strong buying opportunity.

🔔 Note for Traders:

The market is in a state of anticipation. Staying above $100K for a longer period may mean that a price explosion is coming soon! 👀

💬 Do you think $BTC is on its way to $120,000? Or do you not expect a correction? Share your thoughts with me👇

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