$BTC /USD Analysis: Continuing the Climb

Current Price: $98,177

24H Change: +4.12%

Bitcoin is trading at $98,177, demonstrating strong bullish momentum as it inches closer to the psychological $100,000 milestone. Sustained buying pressure and high trading volumes are driving the rally.

Key Levels to Watch

Resistance:

$99,500 – Immediate resistance. A breakout here could lead to a test of the $100,000 mark.

$102,000 – Key resistance level for extended bullish continuation.

Support:

$96,000 – Immediate support to hold the uptrend intact.

$93,500 – Stronger support, offering stability in case of a pullback.

Market Insights

$BTC/USD is maintaining its upward trajectory with the $100,000 level in sight. A confirmed breakout above $99,500 could ignite further bullish momentum. However, if the price loses support at $96,000, a pullback toward $93,500 may occur before another rally attempt. Traders should stay alert for potential breakout opportunities.

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