BTC/USDT : Can Bitcoin Sustain Its Climb Toward the $100K Channel ?

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Bitcoin (BTC/USDT) continues to maintain its long-term upward trend, driving anticipation about its potential to breach the $100,000 mark. However, recent observations point to a mixed picture :

- Short-Term Weakness : The upward momentum has shown signs of weakening in the short term. This is reflected by the Relative Strength Index (RSI) indicating a slowing bullish trend, which suggests reduced buying strength.

- Key Support Levels : Upcoming support levels to watch are at $84,500 and $81,000. These zones could act as safety nets if BTC faces downward pressure, potentially sparking renewed interest from buyers.

- Critical Resistance : For Bitcoin to sustain its trajectory and keep moving toward $100K, it must stabilize above the $93,500 mark. Successfully holding this level would reinforce bullish sentiment and enable further upward movement.

Conclusion and Advice :

Bitcoin's path to $100,000 faces challenges, with weakening short-term momentum. Investors should monitor the $93,500 range for signs of stability to assess whether BTC can sustain its bullish push. If the price retraces, keeping an eye on support at $84,500 and $81,000 is crucial.

Adopting a cautious approach and using strategies like setting stop-losses can help manage risk during potential volatility.