Technical Analysis
Resistances and Breakouts
If the price breaks above $97,534.51, it could signal a bullish continuation towards the upper levels of the channel (around $100,000 and above).
However, in case of rejection at this level, a pullback towards $94,581.88 or the bottom of the channel (around $91,448.59) is possible.
Supports:
The $94,581.88 level could offer a good opportunity for buyers to maintain the current uptrend. A break below would likely lead to a return to lower levels.
Overall Trend:
The trend remains bullish as long as the price is moving within this ascending channel. A break below the major supports could reverse this momentum.
Next steps:
Bullish scenario: Look for a clear break above $97,534.51 with strong volume to confirm a continuation of the upside.
Bearish scenario: Watch for a break below $94,581.88, which could indicate a deeper correction.