$BTC /USDT Analysis: Bullish Momentum Holding Strong š
Current Price: $104,600.86 (+2.15%)
24h High: $106,648.00
24h Low: $101,534.01
24h Volume (BTC): 28,236.74 BTC
24h Volume (USDT): 2.93B USDT
Bitcoin ($BTC) continues its upward trajectory, currently priced at $104,600.86, up by +2.15% over the past 24 hours. The 1-hour chart shows a slight +0.02% gain, indicating a steady rise despite some resistance challenges.
Key Technical Levels:
Resistance: The next resistance zone is at $106,000, with a potential breakout leading to $107,000.
Support: Key support lies around $101,500, and holding this level is crucial for the bullish trend to remain intact.
Volume: Healthy trading volumes suggest sustained buying interest and potential continuation of the upward momentum.
Market Outlook:
BTC remains in a bullish trend, with increasing volume backing the upward movement. If it breaks through $106,000, it could continue toward higher levels, including the $107,000 mark. Watch for any pullbacks to the $101,500 support, which may offer a re-entry point.
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