#SaylorBTCPurchase

Short-term

resistance is noted around $95,000 - $95,500. Breaking this with strong volume could lead to a surge towards $100,000.

* The Relative Strength Index (RSI) on the daily chart is around 70, hovering in overbought territory, which could sometimes indicate a potential for a downward correction.

* Support Levels: Key support levels are identified in the $90,000 - $92,000 range.

Price Prediction and Outlook:

* Potential for $100,000: If Bitcoin sustains its upward momentum and closes above the daily resistance around $97,700, it could aim to retest the $100,000 psychological resistance level.

* Potential Pullback: Failure to close above the $97,700 level could lead to a correction towards the next daily support at $95,000.

* Mid to Long-Term Bullishness: Some analysts predict a potential surge to $200,000 by the end of 2025, driven by institutional demand for Bitcoin ETFs and its use as a hedge against macroeconomic risks. However, other analysts advise caution regarding the sustainability of the current rally.

* Short-Term Indecision: Some short-term technical analysis suggests a phase of indecision, implying potential volatility in the immediate future.

Overall:

The current market sentiment for Bitcoin appears to be cautiously bullish, with positive price action and institutional interest. However, the cryptocurrency is facing significant resistance around the $100,000 mark, and technical indicators suggest the possibility of a short-term pullback. Monitoring trading volume and the ability of Bitcoin to break through resistance levels will be crucial in determining its next move.