🔥 Bitcoin ($BTC ) approaches the $98,000 mark – What signs are there for the next bullish wave? 🔥

Currently, BTC/USDT is trading at $97,912 with a relatively narrow daily fluctuation range. Trading volume continues to remain stable, indicating significant market interest at this price level.

Trend Analysis

1️⃣ Moving Average (MA):

The 9-day MA ($98,188) is above the 25-day MA ($93,575), reinforcing the short-term bullish trend.

The 99-day MA ($83,416) maintains an upward slope, confirming the long-term bullish momentum.

2️⃣ Trading Volume:

High trading volume at support levels near $95,000 indicates that buying pressure is gradually increasing.

3️⃣ Resistance and Support:

Near resistance: $98,500 – if surpassed, BTC could move towards testing $100,000.

Key support: $95,000 – a break below this level could weaken the bullish momentum.

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Trading Strategy

🔑 For short-term investors:

Monitor price bounces around the $95,000 support level to find buying opportunities.

Set profit-taking targets around $98,500 and be prepared to cut losses if the price drops below $94,500.

🔑 For long-term investors:

Continue to hold as the long-term bullish trend remains intact.

Watch for a breakout above $100,000 to increase positions.

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Market Advice

Carefully manage risks and do not let emotions drive your decisions. Bitcoin is still in a phase of high volatility – every decision should be based on clear analysis and strategy.

Do you think the price of BTC will hit $100,000 before a correction, or will it drop back to the $95,000 range? Please share your thoughts!

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