$BTC currently approaching a strong resistance zone around $97,000-$98,000. If it manages to break through, we could soon see a move beyond the $100,000 mark.
However, if it gets rejected at this level, a correction is likely which could present a great opportunity to add to positions in both BTC and altcoins.
From a statistical standpoint, BTC has been in an uptrend for four consecutive weeks. If rejection occurs here, the fifth week could bring the anticipated pullback.
Worth Noting: there's still an unfilled CME gap at $91,400.
Could BTC continue climbing without filling that gap or correcting? Absolutely - we've seen that happen before.
But with the current price action, l'd personally hold off on adding new entries until we see how the market reacts in the coming days, especially in this key price zone.
That said, the breakout has been very strong so far — OBV (On-Balance Volume) is rising significantly, indicating strong buying pressure. All in all, it will be very interesting to watch how $BTC behaves