Is Bitcoin (BTC) about to break through? The $100,000 milestone is just around the corner!
Recently, Bitcoin experienced a one-hour level pullback after approaching a high of $99,660, with a pullback of about $4,000.
However, this pullback has not changed the overall upward trend; instead, it has provided a potential opportunity for a subsequent breakout.
Currently, Bitcoin's price has rebounded multiple times to a key position, and each rebound has been followed by a decline, forming a clear one-hour level downtrend line.
This trend line has become a resistance level for the current price, limiting Bitcoin's further rise.
It is worth noting that the market's reaction is crucial every time it rebounds to this trend line.
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Now, Bitcoin's price is approaching the pressure zone of this downtrend line again. If Bitcoin can successfully break through this position, the $100,000 target will no longer be out of reach.
Multiple factors in the market are developing towards a breakout direction, adding stronger confidence to this breakout.
We believe that the possibility of Bitcoin breaking through $100,000 is very high, and this event is likely to occur in the short term.
If the breakout is successful, it could lead to further upward movement, opening up new growth space. Therefore, for investors, keeping an eye on market dynamics and seizing breakout opportunities will be an important strategy.
