Hold Tight, We're Aiming for 6 Digits!
Bitcoin (BTC) is currently trading within a bullish broadening wedge pattern. This chart formation suggests that the price is likely to continue its upward trend. The immediate resistance level is around $99,600. If Bitcoin breaks above this level, we could see a significant rally towards $115,000 - $117,000!
Here's the Plan:
* Re-accumulate: We recommend buying Bitcoin within the current range and using the $99,600 resistance level as a key breakout point.
* Breakout: Once Bitcoin breaks above $99,600, it's likely to experience a strong bullish move towards the next major resistance level.
Remember:
* Market Conditions Change: Always stay updated on the latest market news and technical analysis.
* Risk Management: Never invest more than you can afford to lose.
* Do Your Own Research: This is not financial advice. Please do your own research before making any investment decisions.
Let's Hear From You!
What are your thoughts on Bitcoin's current price action? Do you think it will reach 6 digits soon? Share your insights in the comments below!