BTC/USDT: Navigating Key Levels After $97K Milestone ๐จ
๐ Market Update:
Current Price: $97,517.48 (โน8,258,755.38)
24H High/Low: $104,088.00 / $90,500.00
24H Volume: 111,696 BTC
Technical Highlights:
Bollinger Bands: BTC is consolidating near the midline after a rejection at $104K, signaling reduced volatility.
RSI (6): At 64.32, indicating neutral momentumโneither overbought nor oversold.
Stochastic RSI: At 94.95, suggest BTC is in overbought territory, cautioning a potential pullback.
๐ Expert Take:
1๏ธโฃ Support Levels: $96,000 - $94,000 range for potential buy entries.
2๏ธโฃ Resistance Levels: $100,000 psychological mark; break above this could drive BTC to $110,000.
3๏ธโฃ Short-Term Opportunity: Consider small positions on dips with a short-term target of $102,000 - $104,000.
๐ข Community Poll:
Will BTC hit again $100K+ this week?
๐น Yes
๐น No
๐น Sideways movement
Disclaimer:
Cryptocurrencies are volatile and risky investments. DYOR and invest only what you can afford to lose. Past performance is not indicative of future results.