$BTC $BTC

BTC/USD Analysis: Eyeing the $100,794 Milestone

Bitcoin (BTC) is trading at an impressive $100,794, marking a key level in its ongoing bullish momentum. This milestone signals growing confidence among investors as BTC edges closer to uncharted territory. Here’s what traders need to watch:

Resistance: The next major hurdle lies at $102,500, a psychological barrier that could open doors to $105,000 if broken.

Support: On the downside, immediate support is visible at $98,500, with a deeper safety net at $95,000 to cushion against potential corrections.

Strategic Trade Setup

Entry Point: Long positions can be considered on a clean breakout above $101,000 with strong volume confirmation.

Stop-Loss: Place below $98,500 to protect against sudden dips.

Profit Target: Gradual take-profits near $102,500, with extended targets toward $105,000 for trend-followers.

With the RSI reflecting bullish momentum and institutional interest at an all-time high, Bitcoin remains a focal point for traders. Can BTC/USD power through the $100,794 mark and set new records? The answer lies in market sentiment and sustained buying pressure. Stay informed and act decisively!

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