📊 Bitcoin (BTC) Support & Resistance Zones – Key Levels to Watch!

📌 Current Market Overview

Bitcoin (BTC) is currently trading around $96,761 USDT, showing some sideways movement between strong support and resistance zones. Traders and investors are closely monitoring these levels for potential breakout opportunities.

📌 Key Observations from the Chart:

✅ Resistance Zone: $104,000 - $108,000 (Upper Orange Box)

✅ Support Zone: $92,000 - $94,000 (Lower Orange Box)

📍 Understanding the Support & Resistance Levels

🔹 Resistance Zone ($104K - $108K):

This area has seen strong selling pressure in the past.

If BTC approaches this zone, expect potential rejection unless a strong breakout occurs.

A break above $108K could signal a further push toward $110K+.

🔹 Support Zone ($92K - $94K):

Buyers have defended this level multiple times, making it a strong support.

If BTC retests this zone and holds, we might see a bounce back upward.

A break below $92K could lead to further downside toward $88K - $85K.

📢 What’s Next for Bitcoin?

📌 Bullish Scenario:

If BTC stays above $92K and reclaims $104K, we could see a rally toward $110K-$115K.

📌 Bearish Scenario:

If BTC breaks below $92K, we might see a retest of lower support levels around $88K before recovery.

🚀 Traders should watch these zones closely for potential breakout or reversal signals!

📣 What’s your BTC price prediction? Will it break $100K soon? Drop your thoughts in the comments! 🚀🔥