$BTC
Updated Technical Analysis for Bitcoin (BTC) – Towards the 100,000 Barrier?
Current Price: 9,681,801
#Bitcoin continues to rise amid strong momentum and increasing institutional confidence.
General Trend:
The upward path remains steadily ongoing.
Price above 50/100/200 day averages = strong technical support.
RSI at 72 = near the overbought area, but momentum is not over yet.
Important Technical Levels:
Nearby Resistance: $99,500 – $100,000 (psychological and technical barrier)
First Support: $93,800 (price pivot)
Major Support: $89,000 (uptrend line)
Scenarios for Next Week:
1. Continuous Rise:
Breaking 100K could open the way towards 105K then 112K.
Confirmation of institutional confidence and liquidity enhancement from ETF funds.
2. Healthy Correction:
A pullback to 93K is possible before continuing the rise.
Breaking 89K could only change the short-term outlook.
Conclusion:
Bitcoin is at a pivotal stage – breaking the 100,000 level could be the spark for a new historic launch.
Momentum, technical indicators, and chain analysis all suggest that the upward path is still in its early stages.
