📈 #BTCBreaks99K: What's Next After the Breakout?
Bitcoin has officially broken the psychological barrier of $99,000, and if this breakout holds, the next targets could be between $107,000 and $109,000.
🔍 Technical Analysis:
Key Resistance Levels: $100K and $107K
Key Support Zones: $92K and $85K
RSI: Near overbought territory – strong bullish momentum but watch for potential pullbacks
Volume: Still below average – breakout needs stronger confirmation
📊 On-Chain Data: Long-term holders have accumulated over 250,000 BTC since March, signaling renewed confidence in the market.
📰 Latest News Highlights:
Morgan Stanley plans to roll out spot crypto trading on E*Trade
MicroStrategy announces a $21B equity raise to buy more BTC
SEC Chairman Gary Gensler reportedly stepping down – potential for more crypto-friendly regulations ahead
📌 Bottom Line: If BTC holds above $100K, we could see a sharp rally toward $107K+. However, caution is advised due to low volume and high RSI. Watch for confirmation and don't chase blindly.