$BTC $BTC

BTC/USD at $98,420: A Critical Level for Bullish Continuation

Bitcoin (BTC) is currently trading at $98,420, marking a key resistance point as it continues its upward trend. With the crypto market showing renewed strength, this price level could be pivotal for the next phase of the rally.

Support Levels: Immediate support is found at $95,000, with a stronger base at $92,500. These levels could provide solid buying opportunities for traders looking to enter on pullbacks.

Resistance Levels: Overhead, resistance lies at $100,000 and $105,000. A break above these levels would likely signal a strong bullish continuation, with new all-time highs potentially within reach.

Entry Strategy:

Range Trading: Consider buying near $95,000 and targeting $100,000, with a stop-loss below $92,500 to limit risk.

Breakout Strategy: Watch for a decisive break above $100,000 with volume confirmation, targeting $105,000 or higher.

As Bitcoin continues to lead the market, the $98,420 level presents an exciting opportunity for both short-term traders and long-term holders. Stay focused, manage your risk, and watch for key price movements to align your strategy.

Success in trading comes with discipline, preparation, and effective risk management.

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