Bitcoin Maintains Bullish Momentum, Approaching Key Resistance
Currently, BTC is trading around $94,000, continuing its upward momentum after breaking through the $88,000 resistance level and surpassing the downward trendline formed in early January. The bullish structure is becoming more pronounced, with a series of higher highs and higher lows, indicating that the uptrend remains intact.
🔹 Short-term resistance: The $98,500 area is acting as a notable resistance level. If BTC can break above and hold this level, it could pave the way for a move back toward the recent high around $105,000.
🔹 Key support zone: The $84,500 level serves as critical support. A drop below this area may lead BTC to retest a stronger support zone near $73,500, where significant buying activity was previously observed.
🔍 Technical indicators: Tools like RSI and MACD continue to support the bullish trend. However, traders should remain vigilant for any signs of weakening momentum or bearish divergence, which could signal an upcoming correction.
