$BTC Hits $97,729: The King Is Back in Action!

BTC is flexing its dominance with a strong 3.70% move, currently trading at $97,729.55. Here’s what you need to know:

• 24H High: $98,384.86

• 24H Low: $93,138.00

• MA(7): $97,342.48 | MA(25): $96,038.90 | MA(99): $92,755.71

Technical Analysis:

1. Bullish Breakout Imminent?

Bitcoin is testing the $98,000 resistance level after bouncing from strong support at $93,000.

2. Key Moving Averages:

• MA(7) has crossed above the MA(25), signaling short-term bullish momentum.

• The price is well above the MA(99), maintaining its long-term uptrend.

3. Volume Surge:

• Trading volume spiked during the upward move, suggesting strong buyer interest.

4. Key Levels to Watch:

• Resistance: $98,500 and psychological level at $100,000.

• Support: $96,000 and $93,000 on retracements.

Trading Strategy:

• For Bulls: Look for a breakout above $98,500 for a potential run to $100,000+.

• For Bears: Wait for rejection at $98,500 for a possible pullback toward $95,000.

📈 Bitcoin is leading the charge—are you riding the wave?

#MEMEalpha #BitcoinETFOptions #BitcoinStrategy #90kCryptoZone