The BTC price is in an impulse rise, exceeding $98,000. The price has not only transitioned into a stable uptrend on the hourly timeframe but has also broken through a number of resistances: volume levels, the descending trend line from November 22, and the EMA 200 on the four-hour timeframe. In the uptrend on the hour, two nearest base targets have already been achieved, and one additional target at $98,307 remains. The next one is too far to reach within the impulse - $106,419.

Does this mean that the daily timeframe's low signal has already begun to play out and the low will not be rewritten? Specifically, this now depends on the EMA 50 on the four-hour timeframe and the EMA 50 on the 12-hour timeframe. They are currently at approximately the same level and serve as resistance for further growth. Additionally, there is an ascending trend line from December 17 and a volume level at $97,553. This pool of resistances is the reason why the impulse has stopped.

Overall, this rise is both expected and does not break the range scenario. It was noted in the daily post that without a consolidation above $102,757, the range scenario remains fully in effect. It just turned out to be too impulsive and therefore unexpected.

If there is no drop in the next 20 minutes, a stable uptrend will be present on both the two-hour timeframe and will open the way to test $100,000.