Bitcoin is set to ignite the market! It’s likely to break down resistance at $90K soon and could reach $100K within a few days.
Bitcoin has recently shown strong bullish momentum, pushing past critical resistance levels. Here's a closer look at its performance and potential targets:
Current Price: $88,594.79 (+8.97%)
24h High: $89,716.12
24h Low: $80,432.00
Key Support & Resistance Levels
Support: $85,000 – This zone acts as a safety net, preventing major pullbacks.
Resistance: $90,000 – A psychological barrier and critical level to watch.
🎯 Target 1: $92,000
If BTC breaks above $90K, the next resistance lies at $92K. This level aligns with Fibonacci retracement levels and could face profit-taking pressure.
🎯 Target 2: $95,000
Sustained momentum and bullish sentiment could drive BTC towards $95K, indicating strong market confidence.
🎯 Target 3: $100,000
This is the ultimate target for the current rally. If Bitcoin breaches this mark, it could signal the start of a new bull cycle. However, strong resistance is expected here
Strategy:
Breakout Traders: Watch for a solid close above $90K.
Swing Traders: Look for pullbacks near $85K to enter.
Stay sharp and trade wisely!
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