$BTC /USDT – Bullish Momentum Near $99,000.. buying opportunity
Bitcoin ($BTC ) is currently trading at $98,623.72, showing a 4.93% gain in the last session. The 15-minute chart highlights strong upward momentum as BTC surged from its intraday low of $93,840 to a high of $99,487. The breakout above $98,000 indicates growing buying interest, positioning BTC close to the psychological $100,000 mark.
Key Levels to Watch
Resistance: $99,500 - $100,000
Support: $98,000 - $96,800
A successful breakout above $99,500 could push BTC past $100,000, triggering further bullish sentiment in the market. On the downside, holding support at $98,000 is crucial to maintain the current upward trajectory.
Trade Setup
Entry Point: Around $98,600
Profit Targets:
Target 1: $99,500
Target 2: $100,500
Stop-Loss: $97,500
Monitor the $99,500 resistance zone closely, as a breakout could confirm a continuation of the rally. Traders should secure profits incrementally and trail stop-losses to lock in gains. BTC’s proximity to $100,000 makes this a high-potential setup for short-term gains
