📊 BTC Daily Chart Analysis – Bullish Trend Intact
BTC continues its uptrend, showing resilience and strength on the daily timeframe.
Key Levels:
Support Zone: $92,500 (tested 5 times, forming strong foundation).
Resistance: $97,500 (breakout zone) → paves the way for a move to $108,000.
Technical Observations:
1️⃣ MACD (Moving Average Convergence Divergence): Momentum is shifting positive, indicating growing bullish pressure.
2️⃣ Higher Lows:
Dec 30: $91,530
Jan 8: $92,500
Consistent higher lows signal market strength and sustained buyer interest.
3️⃣ Price Action History: BTC recently rebounded from $91,530 to $102K, demonstrating its potential for rapid recovery.
Outlook:
BTC remains in a bullish structure with no signs of a reversal.
A close above $97,500 would confirm continuation to $108,000 in the mid-term.
📌 What to Watch:
Volume: Increased buy volume near $95K-$97.5K will validate the breakout.
MACD Cross: A confirmed bullish crossover strengthens the upward case.
Conclusion:
BTC's daily chart reflects strength, with support firmly established and momentum building. Keep an eye on the $97,500 breakout level for the next major move! 🚀
