Bitcoin ($BTC) is once again leading the market discussion, hovering around key levels. Whether you are a seasoned trader or a novice, understanding key levels and scenarios can help you make informed decisions in this volatile market.

🔑 Resistance levels to watch out for

Area $91,000

  • Why this matters: This is the current resistance and a significant psychological barrier.

  • What to expect: Consolidation around this level could lead to a breakout, potentially triggering a strong bullish momentum.

Area $100,000 - $101,000

  • Key Insights: This is a major resistance level that marks a historic milestone for Bitcoin.

  • Implications: A break above $100,000 would likely spark widespread excitement, attracting retail investors and fueling further upside.

🛡️ Support level to watch

Support $74,000

  • Why this is important: This level represents previous all-time highs from previous market cycles, acting as an important technical support area.

  • Risk Warning: Losing this level could signal general market weakness.

Support $67,000

  • Historical significance: This level originates from previous consolidation periods.

  • Opportunity: Historically, pullbacks to this area have often provided excellent long-term buying opportunities.

📉 Retreat scenario

The correction to $74,000 could be a healthy retracement before Bitcoin makes a strong comeback.

  • Smart Investment Strategy : Accumulate during bear periods to reduce your average entry point.

  • Retailer Behavior: Selling off when prices fall often results in missed opportunities.

📈 Breakthrough scenario

A breakout above $91,000 could push Bitcoin to the coveted $100,000 and beyond.

  • Important Confirmation: Watch for high volume to confirm the breakout.

  • Market sentiment: A price break above $100,000 is likely to attract retail investor interest, increasing volatility.

📊 Key strategic points

  1. Avoid FOMO:

    • Jumping into positions near resistance can be risky. Wait for clear confirmation.

  2. Monitor critical levels:

    • Resistance: $91,000 → $100,000 → $101,000 .

    • Support: $74K → $67K .

  3. Scaling Parabolic Movements:

    • If Bitcoin hits parabolic highs, consider taking profits gradually around key psychological zones like $100,000.

  4. BTC Dominance:

    • Bitcoin (BTC.D) dominance is likely to peak soon. This could signal the start of Altseason, where altcoins outperform.

🚀 What happens next with Bitcoin?

Bitcoin is at a key inflection point. The next move—whether it's a pullback to support or a breakout above resistance—could shape the trajectory of the cryptocurrency market as a whole.

  • Volume is key: Pay attention to trading volume as it confirms the strength of price movements.

  • Patience will pay off: The rally doesn't seem to be over yet, so stick to your plan and avoid making emotional decisions.

Play the levels, trust the process and stay disciplined. The crypto journey has just begun!