š #Bitcoin Nears $100K: Breakout or Correction?
$BTC teeters just below theĀ $100,000Ā milestone, trading
betweenĀ $98,500ā$98,750. Will it break past resistance or face
a pullback?
Chart Insights:
Daily:Ā Uptrend from $65K continues, but lower volume near
$99.5K suggests caution.
Key support atĀ $90Kā$92KĀ offers safer entries.
4-Hour:Ā Stuck atĀ $99.5K resistance, support holds atĀ
$95Kā$96K. A breakout above $99.5K could propel gains, while
losing $95K risks a drop.
1-Hour:Ā Sideways movement hints at a tipping point. A move
aboveĀ $98.5K on strong volumeĀ may confirm bullish momentum.
Technical Indicators:
RSI/Stochastic:Ā Neutral.
CCI/Momentum:Ā Slightly optimistic.
10- & 50-Day EMAs:Ā Favor an uptrend.
Targets:
Bullish:Ā Break $99.5K ā climb towardĀ $105K+.Bearish:Ā Drop below $98K ā correction toĀ $92K.
Will Bitcoin hit $100K?
