๐$BTC ๐ฅบ๐ฅบ๐ฅบ๐ฅบ๐ฅบ
Bitcoin (BTC/USDT) Technical Analysis โ Approaching Key Resistance! ๐
๐น Current Price: $98,005.23 (+0.44%)
๐น 24H High/Low: $98,478.42 / $96,866.39
๐น 24H Volume: 16,068.43 BTC ($1.57B USDT)
๐น Market Sentiment: Bullish with resistance testing ๐
๐ Technical Overview:
Bitcoin is holding strong above $98K, showing steady upward momentum. The price is approaching its recent high of $98,478, and a breakout above this level could signal further gains toward the psychological $100K mark. However, BTC is also facing strong resistance, so a pullback or consolidation is possible before the next leg up.
๐ฏ Target Levels:
โ Target 1: $99,000 โ A break above $98,478 could push BTC to this resistance.
โ Target 2: $100,000 โ The psychological level, where traders will watch for bullish continuation or rejection.
โ Target 3: $102,000 โ If BTC sustains above $100K, this could be the next target.
โ ๏ธ Support Levels:
๐ป $97,500: Minor support; holding above this could confirm continued bullish sentiment.
๐ป $96,800: Stronger support, aligning with the recent 24H low.
๐ป $95,500: A deeper correction level, where buyers may step in if BTC pulls back.
๐ Conclusion:
Bitcoin is testing key resistance near $98.5K, with a breakout potentially leading to the long-awaited $100K mark. However, resistance remains strong, and traders should watch volume and momentum for confirmation. Risk management is essential, as volatility could increase near these crucial levels.
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