$BTC

Here is an engaging thread about Bitcoin (BTC) with brief analyses and probabilities:

#BTC | Analysis and Opportunities: Are we witnessing a new breakout or an upcoming correction?

Bitcoin is approaching a significant psychological barrier exceeding $99,000, amid strong market momentum and the re-entry of major financial institutions. Market support comes from the general trend towards digital assets, in addition to the increasing adoption of stablecoins and payments through networks like the Lightning Network.

Technically, Bitcoin breaking the resistance level of 98K is a positive signal, and could push the price to 105K and then 110K if momentum continues. However, on the flip side, a decline in trading volumes on some platforms could be an indicator of short-term confidence weakness, opening the door to a potential correction to the 93K or even 89K levels.

In light of these data points, the market remains volatile and heavily relies on macroeconomic news and movements from the U.S. Federal Reserve.