"BTC/USD Analysis: Consolidation Zone in Play šØ Bitcoin is trading within a tight range between $94,000 (support) and $97,000 (resistance). The red zone above ($100,000+) indicates a major resistance area, while the blue zone below ($92,000-) represents strong demand. Watch for a breakout to signal the next big move. Near-term strategy:
Bullish above $97,943 for potential upside momentum.
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everybody just anticipating nonsense say BTC will sell lol you all need to go study more on technical analysis and fundamental $BTC will look for more buys than sell keep selling and be my liquidity 𤣠good luck š¤
"BTC/USD Analysis: Key Support Zone Holds Strong š Bitcoin shows resilience, bouncing back from the $93,200-$92,800 support zone (highlighted by the arrows). A bullish breakout above resistance levels pushes BTC above $97,000, signaling potential upward momentum. Watch closely for retests and further price action! š
BTC is showing signs of consolidation in the 90,000 - 108,000 range for the next few days. During this period, we expect the price to move sideways as the market digests recent price action. This phase of consolidation could bring some stability before a potential volatility spike.
After this consolidation phase, I anticipate a possible wick down to around 86,000. This wick would be a short-term shakeout, likely designed to liquidate weak hands before a strong bullish rally.
Following this shakeout, Iām expecting BTC to surge and achieve a new all-time high (ATH). The overall market sentiment remains bullish, but this could take some time to fully develop.
Key takeaways: - Short-term consolidation expected between 90k and 108k. - A potential wick to 86k could happen before the next big move. - Long-term outlook remains bullish with a target of a new ATH.
Make sure to practice proper risk management, as volatility could create sudden price swings. As always, this is not financial advice, and I encourage you to do your own research #btcš„š„ #BTCNextMove #MarketPullback #markettips #write2earn!
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