$BTC /USDT Analysis: Key Levels in Focus
BTC/USDT is trading at $94,948, showing a slight decline after testing a resistance at $96,950. The price is consolidating between critical levels, signaling a potential breakout or further correction.
Key Levels to Watch:
1. Resistance: $96,160 – Breaking above this could push BTC toward $96,950 and beyond.
2. Immediate Support: $94,587 – A hold here could lead to a recovery rally.
3. Critical Support: $93,578 – Losing this level may lead to further downside pressure.
Targets:
Target 1: $96,160 – First key resistance level.
Target 2: $97,000 – A retest of the previous high.
Target 3: $98,000 – Extended bullish target if momentum sustains.
Bearish Scenario:
If BTC breaks below $93,578, expect a drop toward $93,000 or lower levels. Volume trends and RSI should be monitored for confirmation of the next move.
Stay vigilant for a decisive breakout or breakdown near these levels!
