šØ $BTC BTC/USD Update: Critical Zone Test Above $100K! šØ
Bitcoin ($BTC) is trading at $101,874, up 2.08% for the day. The king of crypto is holding above the psychological $100K level after testing a daily low of $99,500.
š” Key Levels to Watch:
Resistance: $102,650 ā A clean break above this level could fuel a rally toward $105K and beyond.
Support: $99,500 ā Holding above this key zone is critical for maintaining bullish momentum.
š Market Insights:
Bullish Potential: Sustained trading above $100K signals strong market sentiment, with buyers eyeing further upside.
Bearish Warning: Failing to hold above $99K could invite selling pressure, dragging prices lower toward $97K.
š„ Trading Strategy: Keep a close eye on price action near $102K for a breakout confirmation. For risk-averse traders, tight stop-losses around $99K are recommended to manage volatility.