Bitcoin – Gearing Up for a Breakout? The Market’s Watching Closely!
$BTC BTC is knocking on the door of a major resistance zone between $95,400–$95,800, a level that has rejected price multiple times in recent weeks. But this time, it feels different. The trend remains bullish, and the market structure suggests that a breakout could be just around the corner.
Current Snapshot:
Price: $96,145.78
24h Change: +1.27%
Technical Overview:
Bitcoin continues to respect a higher-timeframe ascending trendline, forming higher lows along the way. Despite sellers holding the resistance line, bulls have not backed down.
We’re currently seeing consolidation just below resistance, marked by repeated wicks into the highs—but no breakout yet. This type of price action often leads to explosive moves once enough liquidity builds up.
Key Zones to Watch:
Resistance: $95,400–$95,800
Support: $93,000–$93,800 (aligned with the ascending trendline)
This green support zone has historically been a liquidity sweep area—absorbing sell pressure before launching price higher.
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Scenarios to Consider:
Bullish Path:
A pullback into $93,000–$93,800 clears out weak longs.
Trendline holds, higher lows form.
A breakout above $95,800 could trigger massive buying, opening the path toward $105,000.
Bearish Risk:
A break below the trendline and support zone would invalidate the bullish structure temporarily.
That could lead to a deeper retracement before any new attempt at highs.
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Price Target:
If $95,800 breaks convincingly, the next macro target sits around $105,000, backed by trendline momentum and bullish sentiment.
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What’s the Play?
Don’t chase green candles into resistance.
Watch for a pullback to $93k–$93.8k
Wait for bullish confirmation
Look for momentum on the retest of $95,800
That’s your best bet for a clean high-probability trade setup.
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Conclusion:
Bitcoin is showing strong signs of bullish continuation, but patience is key. A short-term dip might offer the perfect setup before a major breakout. Stay alert, stick to your plan, and always trade with discipline.
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Trade at your own risk.
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