Bitcoin is standing at a critical watershed. Today, the price hit $98,500, and the trading volume reached $34.27 billion. The market is brewing violent fluctuations. Once it breaks through $100,000, it will usher in a new round of rise, and if it loses $95,000, it may fall further to $92,000.
Technical side: The direction will be revealed soon
EMA 50/200 daily moving averages are about to form a golden cross, indicating that the market still has the potential to rise.
The MACD indicator continues to show a red histogram, and the selling power has not completely subsided, but the bulls are still actively fighting.
Market capital inflows have increased, the total market value of the crypto market has exceeded US$3.24 trillion, trading volume has increased to US$97.94 billion, and the overall sentiment is positive.
Key position: up or down?
Breaking through 100,000 USD, target 105,000
If Bitcoin succeeds in stabilizing$100,000, will further open up room for growth, the target$105,000After the breakthrough, the market may enter an accelerated upward phase and even challenge higher targets.Falling below 95,000, testing the 92,000 support
If Bitcoin fails to hold$95,000The market may see a deeper correction and fall$92,000Once the bears take the lead, short-term market sentiment will face severe tests.
Bitcoin is at a critical turning point, and the trend in the next few days will determine the next direction of the market. Will it continue to rise and move to new heights, or will it encounter a sell-off and fall into adjustment? The trend will soon become clear, and traders need to pay close attention to market dynamics.
