Is Bitcoin on the way to $100,000?
Technical analysis of the structural breakout ๐๐Hello everyone!
The situation of
$BTC has taken a very important turn in the last few hours, and the market structure is changing in favor of buyers. Here are the key points Iโm watching on the daily chart:
๐ข 1. Confirmed Trend Change
$BTC managed to strongly break through the key resistance level of $82,500. This move is extremely positive because it invalidates the previous bearish structure and places us in a much healthier scenario.
๐ด 2. The wall before $100K We wonโt be going up in a straight line. Currently, we have an important resistance zone between $84,900 and $97,900 (red lines on the chart). Breaking through this block wonโt be easy at first.
๐ 3. The most likely move (The Support) Technically speaking, the healthiest option is for the price to seek a pullback to rest in the $82,000 zone (former resistance, now support). After touching this floor and consolidating,
$BTC will take the necessary momentum in the coming months to break the big wall and, at last, aim for the psychological target of $100,000.
What do you think? Do we buy on the pullback to $82k, or do you believe weโll break through directly?
Iโll read your thoughts in the comments below! ๐
#BTC #Bitcoin #CryptoAnalysis #TradingTales #InTheGreen Legal notice: The cryptocurrency market involves a high risk of total capital loss. This analysis is purely educational and informative based on my chart reading and should not be interpreted as financial advice. Do your own research (DYOR).