$BTC broke the 98K resistance zone but is not pushing forward? What’s happening? Why it stopped? 👀🚀
$BTC was struggling to break the 98K resistance for a while and now it did break it with low volume and with the help of other factors like US stocks, which is still not a good look, because last time Bitcoin broke the 98K it was because of the bullish run of Nasdaq, but the moment Nasdaq dropped, Bitcoin followed it instantly and couldn’t hold above 98K for even an hour.
Now, Nasdaq, is trying to break the resistance at 21480, which I have mentioned before multiple times and now we see it in action again as it stopped Nasdaq from going up and also stopped a Bitcoin try to break past 98K and go all the way up again.
I’m still watching the US market and Nasdaq is trying to break past 21480, once it breaks it, we will see a push in Bitcoin as well since it also follows Nasdaq’s move for now, and we may see Bitcoin going up to 99K or even 100K, but still there is no big volume on Bitcoin to hold that position.
We need Bitcoin to keep rising and break resistances by itself without the help of other factors so that we can confirm the bull run. 🚀
We also need Bitcoin to maintain this 98K zone and increase the volume for a while to push towards 103K. 🚀📈