Btc Big pump expected after Christmas Day Why;
From the chart , here's the analysis and possible next move for BTC:
Key Observations:
1. EMA Crossover:
The 9 EMA (orange line) has crossed above the 26 EMA (green line), which is a bullish signal. This indicates momentum is shifting upward.
2. RSI Level:
RSI is currently at 55.96, showing neutral to slight bullish momentum. It is not yet overbought (above 70), meaning there’s room for further upside.
3. Volume:
Volume is low, which suggests the move may lack strong confirmation. Higher volume would strengthen the bullish breakout.
4. Support and Resistance Levels:
Support: $97,068 and $96,990.
Resistance: $99,487 and $100,000 (psychological level).
Will BTC Reach $120,000 After Christmas?
Bullish Case:
If BTC breaks above $100,000 with strong volume, it could build momentum to continue rising.
Positive market sentiment during the holiday season can drive BTC higher.
A realistic first target post-breakout could be $110,000, with $120,000 achievable if the uptrend continues.
Bearish Case:
If BTC fails to break $100,000 and falls below $97,000, it might retest lower supports like $95,000.
Buy and Sell Setup (Simple Terms):
Buy Setup:
Wait for BTC to close above $99,500 (preferably on the 4-hour or daily chart) with increasing volume.
Enter a long trade near $99,500.
Set your Stop Loss (SL): $97,000 (below recent support).
Take Profit (TP):
TP1: $105,000
TP2: $110,000
Sell Setup:
If BTC fails to break $99,500 or drops below $97,000:
Enter a short trade near $97,000.
Stop Loss (SL): $99,500.
Take Profit (TP):
TP1: $95,000
TP2: $92,000
Next Move:
Currently, BTC looks slightly bullish, but volume needs to increase to confirm the breakout. Monitor the $99,500-$100,000 level closely for a clear move. $BTC Check now Btc chart 👇
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