🚀 Bitcoin’s Bullish Bounce: Could $98,000 Be Next? 📈🔥

Bitcoin seems to be waking up after the recent crash! Let’s take a closer look at the 4-hour chart to understand what’s happening and what might be next for BTC.

What’s Happening Right Now?

Bitcoin has made a strong bounce from the $91,200 level, which acted as a solid support zone. This area saw a lot of buying activity, showing that investors still believe in BTC’s strength.

Now, $BTC is pushing upward, but it’s facing a key resistance at $95,700. If it breaks above this level, we could see a quick move toward the next target: $98,000.

Double Bottom at $91,200:

This is a classic reversal pattern, signaling that the downtrend may be over and buyers are back in control.

Key Levels to Watch

Support Zone ($91,200 - $93,000):

This is the area where BTC found a floor and bounced back. It’s also a good buying zone for long-term investors.

Resistance at $95,700:

BTC is struggling to break this level. A clean breakout here could ignite a rally to $98,000.

Next Target ($98,000):

If BTC breaks above $95,700, the next logical stop is $98,000, where another resistance level awaits.

Should You Buy or Wait?

Short-Term Traders: Wait for confirmation! If BTC breaks above $95,700 with good volume, it could be a great entry for a short-term trade toward $98,000.

Long-Term Investors: The $91,200 - $93,000 zone is still an ideal accumulation area. Pullbacks to this level could be good buying opportunities.

The Sentiment Right Now

The market is showing signs of optimism, but it’s cautious optimism. Breaking resistance at $95,700 could bring excitement and more bullish momentum, but if BTC fails to hold, we might see another dip back to $93,000.