Potential Next Move for $BTC .
The price is consolidating within a narrow range (between $98,000 and $99,000) after a previous upward momentum. Consolidation often signals indecision and the next move will depend on whether there’s a breakout or breakdown.
$97,000–$97,500 seems to act as the nearest support zone.
The $99,000 level is acting as resistance, as indicated by the rejections around that area.
The crossing of these MAs (7 MA, 25 MA and 99 MA)could provide insight into whether the trend is shifting bullish or bearish.
The price appears to be hovering around the 25 and 99 moving averages, suggesting neutrality.
The volume appears to be relatively low compared to earlier spikes. For a breakout (up or down) to be sustained, a surge in volume is necessary.
Potential Scenarios:
Bullish Breakout: If #BTC breaks above $99,000 with high volume, it could aim for psychological levels like $100,000 or higher.
Bearish Breakdown: A breakdown below $97,000 could see BTC testing lower levels, such as $96,000 or $94,000.