Zooming in on the $BTC daily chart 📈 and things are looking decidedly bullish! We've successfully broken above both a significant "Trendline" Resistance and a key "Horizontal" Resistance.
Now, Bitcoin is challenging another crucial resistance zone! A successful breakout above this level could propel #bitcoin towards the targets outlined on the chart.
🎯 Potential Targets:
* $98,000: The initial hurdle, but could be minor if the current momentum continues.
* $100,000: The psychological level we're all watching!
🚨 Important Note: While the current outlook is bullish, it's crucial to remain vigilant. If $BTC faces rejection at this horizontal resistance and fails to break through, we might see a retest of the previously broken "Support" Zone in the $90,000 - $88,000 range. Keep this in mind for your trading strategies.
🔑 Key Trading Levels:
* Long Entry: A confirmed break above $95,800 could present a good entry point for long positions.
* Short Entry: Conversely, a break below $92,600 with increasing volume might offer an opportunity for short traders.
Remember to always use a tight stop-loss to manage risk. Good luck with your trades! 👍
