đ $BTC /USD ANALYSIS: TRADING AT $98,214âARE SIX FIGURES IN SIGHT? đđ
The $BTC /USD pair is currently priced at $98,214, edging closer to the psychological milestone of $100,000. With market momentum favoring the bulls, traders are closely watching for key breakout signals or signs of consolidation. Hereâs the breakdown of potential scenarios.
đ Market Conditions:
$BTC/USD recorded a 24-hour high of $98,800 and a low of $96,500. The price has found strong support around $97,000, with immediate resistance at $99,000. Buyers continue to dominate the market as trading volumes rise, indicating sustained bullish sentiment.
đ High Probability Trade Scenarios:
Bullish Scenario: A breakout above $99,000 could propel the price to test the $100,000 milestone, with potential to extend gains to $102,000.
Take Profit (TP): $102,000
Stop Loss (SL): $97,500
Bearish Scenario: If the price fails to hold above $97,000, a pullback to retest support at $95,500 could occur.
Take Profit (TP): $95,500
Stop Loss (SL): $98,000
đ Key Levels to Watch:
Resistance: $99,000, $100,000
Support: $97,000, $95,500
đ Market Outlook:
$BTC/USD is steadily approaching the $100,000 level, which could act as both a psychological and technical barrier. A breakout above this level could trigger significant buying interest, while a failure to break higher might lead to a healthy correction. Monitor volume spikes and market sentiment to confirm the next move.
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