Bitcoin at a crossroads: What's next after $97.9K?
Bitcoin (BTC) has just retraced to $96,057, down 0.85% after reaching a recent high of $97,895. The momentum seems unstable, but the trend is still in play. With an RSI(6) of 40.91 on 4 hours, BTC is cooling down — but not out of the game yet.
What could happen next?
BTC could drop further towards $94,700–$93,600 for a healthy re-test. But if it holds above $95K, a strong bounce could lead to another attempt to break $98,150, potentially sending it toward six figures.
How to take profits:
• Breakout hunters: Enter on a confirmed breakout above $98,200 with volume. Target $100K with a stop around $96K.
• Range traders: Buy near $94,700, sell near $97,800. Set tight stops.
• Scalpers: Take advantage of the waves between $95,500–$97K using RSI and candlestick signals.
Quick tip: Don't be greedy — partial exits near the highs secure profits and reduce risk.