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Let's talk about $BTC ---#BTC
Bullish Case (Holds above $100K):
If BTC can stay above $100K and consolidate:
It may test the previous local high of $109,588
Then aim for ATH territory (above $110K)
Strong volume support can accelerate a breakout
---
Bearish Scenario (Fails to hold $100K):
If BTC breaks down below $100K:
First support: ~$98,000 (historical support level)
Next levels: ~$92,000 and ~$86,000 (based on past volume & MA zones)
The volume spike and MA convergence around mid-April suggest a strong momentum phase, but failure to hold $100K could mean a correction is due.
---
Strategy Suggestion:
Long if price holds and bounces off $100K with strong volume📈
Short or hedge if $100K breaks and fails to reclaim quickly.....📉
Bullish Case (Holds above $100K):
If BTC can stay above $100K and consolidate:
It may test the previous local high of $109,588
Then aim for ATH territory (above $110K)
Strong volume support can accelerate a breakout
---
Bearish Scenario (Fails to hold $100K):
If BTC breaks down below $100K:
First support: ~$98,000 (historical support level)
Next levels: ~$92,000 and ~$86,000 (based on past volume & MA zones)
The volume spike and MA convergence around mid-April suggest a strong momentum phase, but failure to hold $100K could mean a correction is due.
---
Strategy Suggestion:
Long if price holds and bounces off $100K with strong volume📈
Short or hedge if $100K breaks and fails to reclaim quickly.....📉
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