$BTC is trading at $97,027 as of now, continuing its sideways movement after a volatile week. The market is closely watching the $97K level, which has turned into a psychological zone for traders. The 24-hour high stands at $98,617, with the low at $95,839.
Analysis 🌟
1️⃣ Key Resistance: The next major resistance is at $98,500, and breaking above this could pave the way for BTC to challenge the $100K level again. However, weak volume at higher levels suggests cautious optimism.
2️⃣ Support Levels: If BTC fails to hold above $96,800, a retest of $95,000 could be on the cards. Further dips may bring $92,000-$93,000 into play, a potential zone for accumulation.
3️⃣ Outlook for the Next Few Days: Indicators suggest mixed sentiment; with RSI near neutral and MACD showing slight bearish divergence, BTC might consolidate or test lower supports before making a decisive move.
Thoughts? 🤔
With current volatility, are you leaning towards #HODL or planning your next buy? Could #BTCOutlook be gearing up for another test of $100K, or are we bracing for a deeper correction?
Let’s discuss your thoughts in the comments! 🚀📉