DON’T SELL YET !!!! Or EVEN WORSE DON’T GO SHORT !!

The first target for Bitcoin (BTC) depends on the current price action, resistance levels, and market sentiment. Here’s a breakdown based on technical and market analysis:

Short-Term Target

• Psychological Level: $100,000

• Why: Bitcoin is approaching a major psychological resistance level at $100,000, which often triggers significant market activity.

• What to Watch: Expect resistance as traders may take profits around this level.

Next Major Resistance Levels

1. $105,000 - $109,000

• Why: Analysts predict $109,000 as a short-term technical target based on Fibonacci extensions and historical price patterns.

• Scenario: If Bitcoin breaks $100,000 decisively, this level becomes the next logical resistance.

2. $120,000 - $125,000

• Why: Institutional buying and momentum could push BTC higher, especially in the absence of heavy selling pressure.

• What to Watch: Monitor trading volume for signs of sustained bullish momentum.

Factors Influencing Price Targets

1. Bitcoin Halving (April 2024):

• Historically, Bitcoin rallies after halving events due to reduced supply.

• The first target after the halving could surpass $100,000-$120,000 within months.

2. Market Sentiment:

• If institutional interest (e.g., Bitcoin ETFs) continues to grow, targets like $150,000 or higher become more plausible.

First Target for 2024-2025

• Conservative Target: $100,000 - $109,000

• Bullish Target: $120,000 - $150,000 (if momentum continues post-halving)

Verdict: The immediate target for Bitcoin is $100,000, with the next major levels at $109,000 and $120,000. #BTCBreaks100K?