🚀Bitcoin at $96K🔥 Is $100K Next ??? $BTC Analysis 02/01/2025 Bitcoin (BTC) is trading at $95,529, showing a modest 1.97% increase today, and it’s inching closer to the psychological milestone of $100,000. Let’s break down the 4-hour chart and see what the data tells us about where BTC could head next. Chart Analysis: Consolidation with Bullish Momentum 1. Key Support Levels: $92,888 (24-hour low): A strong support zone where buyers have consistently stepped in. $91,530: Another critical support level from the recent dip, showing buyers’ confidence in the $90K range. 2. Key Resistance Levels: $96,000: BTC’s current resistance. A break above this could lead to testing $99,231 and potentially the $100K milestone. 3. Bullish Patterns: BTC is forming higher lows and gradually moving upward, a sign of accumulation and buyer dominance. A potential ascending triangle pattern is forming, indicating a bullish breakout if $96,000 is breached. 4. Volume Insights: The 24-hour trading volume is solid at 12,952 BTC, showing healthy activity. Increased volume during upward moves suggests strong buyer participation. Why Is Bitcoin Bullish? 1. Market Momentum: BTC has gained 112.45% in the last year, maintaining its upward trend. 2. Institutional Interest: Large institutions continue to support Bitcoin as a store of value. 3. FOMO Ahead of $100K: As BTC approaches the key psychological level, trader excitement is pushing prices higher. Price Prediction : Short-Term: BTC breaking $96K could open doors to $99,231 and a test of the $100K level soon. Long-Term: Sustained bullish momentum could push BTC to $105K-$110K if key resistances are cleared. Bitcoin is showing signs of strength, consolidating near critical levels, and gearing up for a potential breakout. Traders should watch the $96K resistance closely—breaking it could signal a sharp move toward $100K. #BTCRebounds95K #USStateBuysBTC