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Market Update: Bitcoin (BTC) continues to respect the range established over the past few days, with key support at $97.5k and resistance at $99.5k. The $97.5k support has held firm through multiple tests, while the $99.5k resistance is still intact. BTC has successfully broken above the $98.9k level (Previous Week High) and is now attempting to establish it as 4-hour support. Should this level hold and the price consolidate, a potential test of $102k could be in the cards. At this stage, the market remains in a range-bound condition, with a clear breakout needed to confirm the next move.

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Market Update Bitcoin continues to trade within its established sideways range, currently sitting near the lower support zone around $97.5k. The key focus is on the 4-hour closes at this level—if this support holds, it may help avoid a further dip toward $96k. As we near the weekly close, there is potential for increased volatility. This could be amplified as many market participants return to the office after the holiday season, which may lead to more active trading and possible price swings.

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Market Update Bitcoin has now entered the range we anticipated, with the 4-hour range spanning from $97.5k to $99.4k. Currently, the lows are holding strong as support during the retest. Key Levels to Watch: Support: Any wicks below the current range should be monitored for a bounce at $96k, where the 4-hour EMA200 is expected to provide support. Resistance: If Bitcoin breaks above $99.4k, the next level to watch is $100k or higher, with $100k+ acting as a critical support level for further upside momentum. Watch these key zones for potential market moves in the coming hours.

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Market Update: Bitcoin Nears Key Levels, Eyes $100K Target Bitcoin is currently trading above $95.8k, maintaining support around the 4-hour EMA200. A dip to $95k (Monday's high) could provide a solid opportunity for a rebound. Yesterday, BTC tested $98k but faced resistance within the previous range. If it re-enters this range, a move toward $100k could be in play. Traders will be watching closely for confirmation near these levels.

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Market Update: Bitcoin Holds Above EMA200, Targets $98K Bitcoin has managed to close a 4-hour candle above the 200 EMA, now sitting at $95.8k, which seems to be turning into support. The next resistance level is at $96.9k, marked by a bearish engulfing candle from last Friday. A break above this could pave the way for a move towards $98k at the very least.

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