$BTC
$BTC Bitcoin (BTC) is steadily approaching the significant psychological barrier of $100,000 at a level of 97,367.29, during a time when the market is experiencing high volatility and conflicting pressures between buyers and sellers.
Brief Technical Overview:
Overall Trend: Bullish, supported by staying above the 200-day moving average
Immediate Support: $95,000 — A price rebound from it reflects buyer strength
Key Resistance: $98,500 — A daily close above it could ignite a new historic rally
Momentum Indicators: RSI is touching overbought levels, indicating the potential for a temporary correction
Trading Volumes: Relatively high, reflecting institutional trades or the entry of smart liquidity
Strategic Reading:
> If Bitcoin can hold above $96,500, it enhances the chances of surpassing $100,000 in the coming days. However, if there is a price rejection at $98,500, we may witness a short profit-taking wave that brings the price back toward $93,800 - $94,200.
Recommendation:
No room for improvisation in this sensitive area. Monitor price movements closely, and stay alert to the liquidity volume on Binance. Do not enter the market without a clear plan and strict risk management.