$BTC /USD Analysis: Bullish Momentum Continues Above $97,000

Current Price: $97,789

24H Change: +5.09%

$BTC /USD is trading at $97,789, displaying a strong upward trend as it continues to surge past key resistance levels. The current bullish momentum indicates that Bitcoin may be gearing up for further upside in the near term.

Key Levels to Watch

Resistance:

$98,500 – Immediate resistance. A breakout here could accelerate the rally toward new highs.

$100,000 – Psychological resistance and a key target for the next bullish leg.

Support:

$96,500 – Immediate support, crucial for maintaining the bullish trend.

$94,000 – Secondary support level in case of a retracement.

Market Insights

$BTC/USD is firmly above the $97,000 level, and a breakout above $98,500 could lead to a test of $100,000. Traders should monitor these levels closely, as failure to hold $96,500 support could signal a short-term pullback, presenting buying opportunities for those waiting for a retracement.

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