$BTC ’s 1-hour chart reflects an exciting phase of consolidation and potential breakout setup! After hitting resistance at $108,353, Bitcoin retraced to find strong support near $94,150. The bounce off this level is encouraging, with the price now reclaiming $98,000 and showing signs of recovery.
The MACD is flipping bullish, indicating growing momentum, while RSI is climbing from oversold territory, suggesting a potential continuation of the upward move. The 50 EMA remains below the 200 EMA, highlighting that caution is still warranted as BTC approaches key resistance levels.
If Bitcoin can break through $100,000 with volume, it could retest $105,000 and beyond. However, failure to clear this psychological barrier might lead to another pullback, with $96,000 and $94,000 as immediate supports to watch.
Will BTC regain its bullish stride, or is more consolidation needed? Stay tuned, and don’t forget to secure your strategies! 🚀 #BTCNextMove