🚀 Bitcoin Hits $98K! Will the Momentum Continue? 💹

Analysis:

The BTC/USDT pair is showing strong bullish momentum, trading at $98,182.41 with a daily gain of +5.37%. Here’s a quick breakdown of the 1-minute chart:

1. EMA Levels:

• BTC is trending above the EMA(7) at $98,159, showing sustained short-term bullish strength.

• All EMAs (7, 25, 99) are aligned upward, indicating continued buyer interest.

2. Stochastic RSI:

• At 24.94, it suggests a temporary cooling-off period, signaling potential consolidation before another move.

3. RSI Levels:

• RSI(6) is at 53.65, indicating neutral conditions and leaving room for further upward movement.

4. Volume:

• Increasing buy volume supports the upward trend, with resistance at $98,400 and support around $97,800.

Prediction:

• If BTC breaks $98,400, it could quickly test the psychological level of $100,000.

• A pullback to $97,800 - $97,400 is possible if bullish momentum weakens temporarily.

Pro Tip:

• Watch for a breakout above resistance levels to confirm further gains. Short-term traders can capitalize on quick moves, but caution is advised near overbought conditions! 💼📊$BTC