$BTC Technical Analysis: Consolidation or a Move Brewing? 🚀

BTC is trading at $98,674.97, showing a slight +0.52% increase in the last 24 hours.

• Moving Averages:

• MA(7): $98,995.35 is currently above MA(25): $98,642.33, showing short-term bullish momentum.

• However, the price has dipped slightly below MA(7), signaling potential consolidation.

• MA(99) at $95,082.01 serves as long-term support, keeping the trend firmly bullish.

• Volume: Trading volume remains strong, but declining slightly after the recent spike to $99,588.01, indicating possible indecision among traders.

• Support and Resistance:

• Resistance: $99,588.01 remains a key level. A breakout above could push BTC to test the psychological barrier of $100,000.

• Support: The immediate support lies at $98,000, with stronger support at $97,122.11 (24h low).

• Trend Outlook:

BTC is currently consolidating just below the key resistance level. The overall trend remains bullish, but the price action hints at a potential pullback if buyers fail to reclaim $99,000 soon.

Watchlist Alert!

A breakout above $99,600 with strong volume could ignite a move toward $100K and beyond. Conversely, a break below $98,000 might lead to a retest of the $95,000 support zone.

#BTC100KToday? #EyesOnBTC #AltcoinNextMove #GaryGenslerResignation