🚀 #Bitcoin breaks the $100,000 mark, the next station is poised for takeoff!
From the chart, Bitcoin (BTC/USDT) is currently stable above $100,000, with the current price at $103,950.83, a 24-hour increase of +1.08%. This rebound is mainly supported by the following technical factors:
1. Bullish Moving Average Alignment
MA(7) = 91,923.57
MA(25) = 93,783.97
MA(99) = 62,265.19
Short-term, mid-term, and long-term moving averages show a golden cross, forming a typical bullish alignment, indicating strong market buying pressure. The rapid breakout of MA(7) above MA(25) suggests there is still room for further upward movement in the short term.
2. Gradual Increase in Trading Volume
The trading volume has significantly increased over the past week, indicating capital inflow, Bitcoin regaining momentum, and enhanced buying strength. After breaking the $100,000 mark, the volume has not shown significant shrinkage, proving that the upward momentum remains strong.
3. Support and Resistance Level Analysis
Current important support level: 93,588.96 (MA25)
Next target resistance level: 109,588.00
Historical high: 114,293.60
As the price stabilizes above $100,000, as long as the support level of 93,588.96 is effectively maintained, breaking through 109,588.00 will be the next target.
4. Relative Strength Index (RSI)
RSI has entered a healthy range, and there are no obvious overbought signals in the market, providing space for further upward movement.
5. Long-term Trend
Over the past year, the cumulative increase has exceeded 60.60%. In the context of increasing macroeconomic uncertainty, Bitcoin's hedging properties as digital gold are becoming increasingly apparent.
📈 Overall, Bitcoin is in a strong technical phase. As long as the volume continues to expand and key resistance levels are broken, the next explosive wave is just around the corner. HODLers, please fasten your seatbelts and prepare for the next crazy rally!