“Bitcoin” WEHE THE PRICE WILL GO?

To determine whether the BTC/USDT market will go bullish or bearish, let’s analyze some factors based on the given chart trends and typical indicators.

Bullish Case:

• Break Above Key Resistance: If BTC breaks and sustains above $96,350, it will signal bullish momentum. The next targets would be $98,500 and the psychological level of 100,000.

• Positive Fundamentals: News of EFT approvals, favorable regulations, or macroeconomic developments (e.g., weakening USD or lower interest rates) could support a rally.

• Indicators: Look for:

• MACD Bullish Crossover: This indicates momentum is shifting upward.

• Higher Highs and Higher Lows: If BTC continues to form higher highs and lows on larger timeframes, it’s a strong bullish signal.

Bearish Case:

• Rejection from Resistance: If BTC fails to break $96,350 and reverses with increasing selling pressure, it may signal a bearish move.

• Support Break: A drop below $92,350 (and especially below $90,000) could lead to further downside, with targets like $88,350 or lower.

• Bearish Divergence: If the price increases while RSI or MACD show declining momentum, it signals weakening bullish strength.

• External Factors: Rising Treasury yields, regulatory crackdowns, or negative global sentiment could trigger a bearish move.

Neutral Scenario:

If BTC consolidates within the $92,350-$96,350 range, it indicates indecision in the market. Watch for volume and breakout direction to confirm the next move.

Current Outlook:

1. If BTC stays above $96,350 → Likely bullish.

2. If BTC falls below $92,350 → Likely bearish.

Keep an eye on volume, candlestick patterns, and economic factors to confirm the trend. Let me know if you’d like a deeper breakdown of indicators!