$BTC
BTC
97,500.69
+0.36%
$BTC Bitcoin (BTC) is steadily approaching the significant psychological barrier of $100,000, at 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 spark a new historic rise
Momentum Indicators: RSI is touching overbought areas, signaling a potential temporary correction
Trading Volumes: Relatively high, indicating institutional trades or smart liquidity entering
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 bringing the price back towards $93,800 - $94,200.
Recommendation:
There is no room for improvisation in this sensitive area. Monitor price movements closely, and stay updated on liquidity volume on Binance. Do not enter the market without a clear plan and strict risk management.
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