Bitcoin ($BTC ) is showing strong support around $98,500 and is currently trading at $99,540. The price has rebounded from the EMA (Exponential Moving Average), indicating bullish momentum. A short-term consolidation is observed, but BTC remains within an upward trend.
Next Expected Move:
- A break above $100,000 could trigger another bullish leg toward $102,000–$104,000.
- If BTC fails to hold $98,500, we could see a pullback toward the $96,000–$95,500 support zone.
Key Levels to Watch:
- Resistance: $100,000 | $102,000
- Support: $98,500 | $96,000
BTC is consolidating near key levels. Watch for breakout confirmation above $100,000 for bullish continuation or a breakdown below $98,500 for short-term bearish retracement.