Namaskar LuckySevenTrader Community:
šØ Bitcoin Price Update šØ
#Bitcoinā (BTC) is currently trading at $99,540, showing signs of bullish momentum after rebounding from the Exponential Moving Average (EMA). The price has found strong support around $98,500, consolidating in a short-term range while maintaining its upward trend.
Whatās Next for BTC?
Bitcoin's next move will likely depend on how it reacts to key levels:
1. Bullish Scenario:
A decisive break above $100,000 could spark a strong rally, pushing BTC toward the $102,000ā$104,000 resistance zone.
2. Bearish Scenario:
If BTC fails to hold the $98,500 support, we may see a pullback toward the $96,000ā$95,500 zone.
Key Levels to Watch:
Resistance: $100,000 | $102,000
Support: $98,500 | $96,000
BTC is currently consolidating near a critical psychological level at $100,000. Traders should watch for a confirmed breakout to signal further bullish momentum or a breakdown below support levels, which could lead to a short-term bearish retracement.
Stay alert for market updates as Bitcoin approaches this critical juncture!
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