#BT C $BTc#BTCusdt-Can soon pump 0.98.5k above correct target level 108-150k
📊 Bitcoin Technical Analysis - $97,362 Level
1️⃣ Overview and Formation Analysis
• On the chart, the price has been moving in a horizontal consolidation zone for a long time.
• This area may be the accumulation or distribution stage.
• When the upper range of the horizontal channel is broken, a sharp rise is expected.
• The target price has been set at $150,000, indicating that there could be a major upside wave.
• The EMA 50 line (grey) acts as support below the price, which is a positive signal for an uptrend.
2️⃣ Support and resistance levels
• Support areas:
• $92,000-$95,000 area → Horizontal consolidation support
• $90,000 level → Main psychological support
• Resistance areas:
• $100,000 level → Critical psychological resistance
• $110,000 - $115,000 → First target resistance level
• $150,000 → Major Breakout Target
3️⃣ Indicators and technical indicators
• EMA 50 (gray line):
• Provides support by staying below the price.
• If the price falls below this line, a longer consolidation period may occur.
• Relative Strength Index:
• If it approaches the 70 level, it may give an overbought signal.
• Quantity:
• No significant increase in size yet.
• Volume must rise until the major breakout is confirmed.
4️⃣ Formation and trend direction
• Horizontal unification area:
• If the price breaks through this area, a sharp rise may begin.
• direction:
• An upward trend is expected.
• If the price stays above $100k and volume increases, the rise will accelerate.
5️⃣ Strategy and recommendations
✅ Purchasing Strategy:
• Buying opportunities can be evaluated in the range of $96,000 - $98,000.
• After the breach, additional purchases may be made after obtaining approval, with a value exceeding $100,000.
✅ Risk Management:
• Stop Loss: A close below $90,000 may turn bearish.
• Profit taking points: $110,000 → $120,000 → $150,000
✅ Scenarios:
• Positive scenario:
• If the horizontal zone is broken to the upside, the price may quickly move towards the $150,000 level.
• Negative scenario:
• If the price drops below $90,000, a downtrend may begin.
📌Summary and general evaluation
🚀 If Bitcoin breaks the $100K level, the $150K target may become active.
📊 Strong movement is expected after horizontal consolidation.
⚠️ Stop loss should be set below $90,000!
📈 After the breakout, the rise may accelerate, attention should be paid to the increase in volume.
