#ShareYourThoughtOnBTC
Bitcoin has recently retreated from a high of $97,000, facing resistance near the $100,000 level. This pullback is attributed to profit-taking by short-term holders, as on-chain metrics indicate increased selling pressure.
Technical indicators suggest that Bitcoin is in a consolidation phase, with key support around $93,000 and resistance at $98,000. A decisive move above $98,000 could signal a bullish breakout, while a drop below $93,000 may indicate further downside.
In the Indian market, BTC is priced at approximately ₹7.85 million (₹78.5 lakh), reflecting the current exchange rates.
If you're considering trading BTC on Binance, it's advisable to monitor these support and resistance levels closely.