🚨 MAJOR $BTC UPDATE about NEW ATH 🚨
📈 The crypto world is heating up, and #BTC is right in the spotlight! After bouncing back from the crucial support zone of 89k, Bitcoin is now flirting with 102k—a key resistance level.
What’s next?
🔹 If this breakout sustains, we’re eyeing two major milestones:
➤ $110K ✅
➤ $120K ✅
Both are realistic targets, and with BTC’s current momentum, a new ATH (All-Time High) seems inevitable!
💡 Key levels to watch:
🟥 Resistance: 102k
🟧 Minor Support: 98.9k
🟨 Major Support: 96.5k
🟩 Crucial Support: 89k
Understanding Support Levels:
🔸 Minor Support (98.9k):
This level acts as the first buffer for price drops. If $BTC fails to hold this zone, it’s often an early indicator of potential weakness, triggering a test of major support levels.
🔸 Major Support (96.5k):
A key psychological and structural level, this support has historically held strong during corrections. Losing this zone is a warning sign for long positions, as it increases the likelihood of revisiting the crucial support below.
🔸 Crucial Support (89k):
The final defense for the bulls! Historically, when BTC has broken below crucial support levels, sharp downward moves followed. If 89k is breached, the probability of a drop to 70k skyrockets to 95%, with a slim 5% chance of a bounce from the 85-86k region.
Historical Trends:
🔹 In the past, BTC has respected minor, major, and crucial support levels with remarkable precision. For instance:
➤ June 2023: BTC rebounded from the major support zone of 25k before rallying to 32k.
➤ October 2024: A bounce from crucial support at 72k led to a move toward 100k.
The current price action echoes these patterns, making it crucial to monitor these levels closely!
💬 Will we see $120k sooner than expected, or could a pullback to 85k/70k be in play?
🚀 Ready for a wild ride?
