๐จ Bitcoin ($BTC /USDT) WATCH: $100K on the Horizon or a Pullback Incoming? ๐จ
Bitcoin is hovering at $98,322.82, with the market showing strong volatility and a battle between bulls and bears. The big question: Will Bitcoin break through to $100,000, or are we heading for a pullback? Letโs break down the key levels to watch.
๐ฅ Current Price: $98,322.82
๐ฅ 24-Hour High: $99,588.01
๐ 24-Hour Low: $97,122.11
๐ Key Levels to Watch:
1. ๐ Immediate Resistance: $99,588.01 โ Bitcoin is currently facing resistance around this level. A breakout above this could trigger a major rally toward $100K.
2. ๐ฅ Crucial Support Zone: $97,122.11 โ If Bitcoin dips below this support, we may see a move toward $97,420.85, with further downside potential to $95,130.40. Be cautious if the price fails to hold above this level.
3. ๐ Next Major Target: $99,711.31 โ The next key target if Bitcoin pushes past the $99,588.01 resistance. A breakout here could drive the price further towards $100K and beyond.
๐ก Whatโs Next? Bitcoin is in a critical consolidation zone, but with bullish momentum, it could push past $99,588. However, if support at $97,122.11 breaks, expect further downside.
๐ฏ Trade Strategy:
Bullish Play: If $99,588.01 breaks, target $100K and $102K.
Bearish Play: If Bitcoin fails to hold $97,122.11, look for possible targets at $97,420.85 and $95,130.40.
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