🚀 Bitcoin Bounces Back! 🚀
Bitcoin enthusiasts, rejoice! After a rollercoaster ride, BTC has rebounded from its monthly low of $91,300 to a healthier $98,000. That's a 7.5% jump from the recent dip! 📈
However, the path to six-digit glory isn't without hurdles. The infamous 'stiff supply wall' between $98,000 and $100,000 is acting as a formidable resistance. Many investors have stacked up their BTC here, making it a critical battleground. 🏰
On the bright side, over 48,000 BTC have been withdrawn from exchanges, easing sell pressure and hinting at bullish momentum. 🌟
Yet, caution is key! Analysts warn of a potential head-and-shoulders pattern, which could push BTC down to $78,000 unless it closes above $100,000. Stay tuned, BTC lovers! 🔍