🚨 $BTC Approaching Key Levels – Massive Move Expected! 🚨
Bitcoin ($BTC ) is currently trading at $95,866.05, down by 1.05% over the last 4 hours. The price is consolidating after rejecting the $98,619.99 level and is hovering around critical support. The market is at a tipping point, with a potential for high volatility.
Key Levels to Watch:
Immediate Support: $94,395
A breakdown below this level could accelerate selling pressure, targeting lower zones.
Major Resistance: $97,356
A breakout above this resistance may trigger significant buying momentum, setting the stage for a rally.
Three Targets for Traders:
1. Target 1: $97,500 – First resistance level, ideal for profit-taking during a breakout.
2. Target 2: $98,600 – A retest of the recent high, marking a bullish continuation.
3. Target 3: $100,000 – A psychological barrier and milestone, signaling a strong bullish trend.
Trade Setup:
Long Entry: Above $97,356, aiming for $97,500, $98,600, and $100,000.
Short Entry: Below $94,395, targeting $93,000 and $90,791.
Stop Loss: Place at $95,000 to manage risks effectively.
Bitcoin is at a decisive juncture, with both bulls and bears eyeing control. Stay alert to these levels!