$BTC /USD Analysis: Bulls Eyeing the $98K Mark

Current Price: $97,930

24H Change: +3.45%

$BTC /USD is trading at $97,930, maintaining strong bullish momentum as it approaches the key $98,000 resistance zone. Increased trading volume and market enthusiasm are driving this upward surge, bringing the psychological $100,000 milestone within reach.

Key Levels to Watch

Resistance:

$98,000 – Immediate resistance. A breakout here could set the stage for a move toward $100,000.

$100,000 – Psychological barrier and a significant milestone for bulls.

Support:

$96,000 – Immediate support. Holding above this level is critical to sustain bullish sentiment.

$94,500 – Stronger support, providing a safety net in case of a pullback.

Market Insights

$BTC/USD is riding strong bullish momentum, with a potential breakout above $98,000 signaling a push toward $100,000. Failure to break resistance could see consolidation around $96,000, with $94,500 acting as a key support level. Watch for confirmation of a breakout to capitalize on market opportunities.

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