Bitcoin ($BTC ) against USDT. With a clear uptrend demonstrated by the red trendline, the price is consistently moving higher, reaching near $98,316. The chart's volume profile on the left indicates that there was significant trading activity at lower levels, with the potential for further upward momentum if support at these levels holds.
As Bitcoin approaches key resistance levels, here's what you should watch for:
šØ Key Levels to Monitor:
Support Level: The red trendline suggests strong support, currently around $96,000. A bounce here could signal further upward movement.
Resistance Level: The next significant resistance is just under $100,000. Breaking this level would confirm the continuation of the bullish trend.
Target Level: If Bitcoin breaks above $100,000, the next target could range between $104,000 to $106,000, depending on the volume and price action.
š” Trader's Tip: Pay attention to market volume as it can give clues on whether the breakout above $100,000 will sustain.
Stay alert for potential market moves.