After a prolonged consolidation phase, $BTC has finally broken past the strong $94,840 resistance. As predicted, Bitcoin is heading toward $95,780, and our target seems well within reach!
$BTC /USDT Price Analysis
Will Bitcoin surge to $100k or face a pullback to $90k due to whale activity? I remain bullish, aiming for $97k to $98k by the week’s end.
Bitcoin continues to exhibit bullish momentum, currently trading at a critical level of $95,000, up 1.49% in the last 24 hours. The price has steadily risen from $92,888 to today’s high of $95,000, approaching a potential breakout zone.
Key Levels to Monitor:
Support: $94,000 – Holding this level is crucial to sustain bullish momentum.
Resistance: $95,105 – Breaking above this level could trigger further upside movement.
Trade Setup:
Entry Point: Consider entering around $95,000, but wait for confirmation of a breakout above $95,105.
Targets:
1. $96,000 (short-term)
2. $98,000 (medium-term)
Stop-Loss: Set at $93,800 to manage risk.
Market Outlook:
Bitcoin remains on an upward trajectory, supported by strong demand and positive market sentiment. Breaking through $95,105 could lead to further gains, targeting $96,000 and $98,000. However, failing to hold $94,000 might result in a temporary dip, presenting a re-entry opportunity. Watch trading volume closely to confirm the next move.