Bitcoin Eyes $100,000: Key Levels and Strategies for Traders
Bitcoin (BTC) is currently trading at approximately $98,358, showing a slight increase of 0.20% over the past 24 hours.
Analysts are closely watching the $97,800 resistance level. A breakout above this point could pave the way toward the psychological milestone of $100,000.
Trading Strategy:
Entry Zone: $97,000 - $97,500
Target 1 (TP1): $98,500
Target 2 (TP2): $100,000
Stop Loss (SL): $96,000
Recommendations:
Partial Profit-Taking:
Consider securing gains at TP1 while aiming for the $100,000 mark.
Risk Management:
Adjust your stop loss to the breakeven point after reaching TP1 to protect your capital.
Stay informed and trade wisely as Bitcoin approaches this significant threshold.
