$BTC /USDT: Bitcoin Poised for a Major Swing – Will Bulls or Bears Prevail?
#Bitcoin❗ is trading at $94,167.28, holding steady with slight gains of 0.15%. After rebounding from a low of $91,203.67, BTC shows signs of strength but faces challenges near critical resistance levels.
Bullish Target Points:
1. TP1: $95,000 (Key Resistance Breakout)
2. TP2: $96,200 (Higher Momentum Zone)
Bearish Target Points:
1. TP1: $92,500 (Support Retest Zone)
2. TP2: $91,000 (Critical Downside Risk)
Market Insight
With RSI nearing 73, overbought conditions suggest caution for bulls, while strong volume hints at sustained interest. A breakout above $95,000 could trigger an aggressive rally, while failure to hold $92,500 support might lead to bearish pressure.
Pro Tip:
Focus on market volume and breakout confirmations. Use tight stop-losses near support/resistance to navigate the upcoming volatility effectively.