Bitcoin is so hot right now! 🔥 After dropping below $95k, BTC is now back up and trading near the $97k level. 💵 Despite losing some of the gains from last week, bullish traders are now eyeing the important level at $100k. 🎯

Looking at the weekly chart, Bitcoin is still in the early stages of a major bull market, with a bullish signal that was confirmed about two months ago. 📈 Signals like this can usually last for months, even until 2025. But remember, in a long-term bull market, Bitcoin may still experience short-term corrections or sideways movement. 😅

Analysis from Josh at Crypto World says that Bitcoin will face significant resistance in the range of $100k to $102k. 🛑 This psychological level of $100k will be of concern to traders, and if Bitcoin manages to break through it, the next resistance could be around $113k.

In the short term, Bitcoin is facing resistance around $94k to $95k, and if there is a pullback, the key support level is at $89k. ⚠️ If that fails, the next support is at $87k, and if it fails, it could fall to $79k. 😬

The current Bitcoin price action is similar to what happened in late 2020, where the market entered a bullish phase but also experienced a temporary pullback. 🤔 So, while there may be some choppy movement, the long-term bullish trend is still intact.

There is also a liquidity heat map showing a large liquidity zone around $100k. 💧 If Bitcoin manages to break through this level, there could be a sharp price surge. However, there is also liquidity on the downside between $90k and $95k which could act as support if the price drops.

So, everyone is waiting to see if Bitcoin will breakout or breakdown! ⏳✨$BTC

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