Bitcoin price breaking through the $95,000 resistance level. As of now, BTC is trading at $95,026.34, showing a modest gain of 0.84%. The price is testing the resistance zone near $95,340.36, which could lead to a stronger rally toward $96,000 if breached.
To ride this upward trend effectively while managing risks, traders are advised to set tight stop losses and closely watch for a breakout confirmation. The suggested trade setup includes an entry point at $95,050, with targets at $95,800, $96,500, and $97,200. A stop loss is recommended at $94,300, below the key support at $94,634.23.
Keep a close eye on volume and momentum for stronger conviction. Proper risk management is essential in this trade.$BTC