$BTC

😱More pump coming to BTC?😱

The current price of Bitcoin (BTC) on Binance is approximately $94,372, based on recent 1-hour candle data. Bitcoin has been experiencing bullish momentum, with a 24-hour increase of 2.37%. Here’s an analysis and potential targets

Technical Analysis✅📊

Trend Overview📈📉

•Bullish Sentiment: BTC has shown strong upward momentum over the last few days, likely driven by positive market sentiment and high trading volume.

•RSI: On the 1-hour chart, BTC may be entering overbought territory, indicating a potential short-term pullback.

•Moving Averages: Short-term moving averages (e.g., 20-period) are trending above the long-term ones (e.g., 50-period), confirming a bullish setup.

Support and Resistance Zones📊

•Resistance: Around $94,700 (recent local high) and $95,500 (psychological level).

•Support: $93,500 (recent low) and $92,000 (key support from previous consolidation).

Targets🎯🎯

Bullish Scenario (If the upward momentum continues):

1. $94,700 – Immediate resistance.

2. $95,500 – Strong psychological barrier.

3. $96,200 – Technical resistance based on recent highs.

4. $97,500 – Breakout extension target.

5. $98,500 – Near-term bullish target.

6. $100,000 – Major psychological milestone.

Bearish Scenario (If BTC faces rejection):

1. $93,500 – Key immediate support.

2. $92,000 – Strong support zone.

3. $90,500 – Next downside target.

4. $88,000 – Deeper correction level.

5. $85,000 – Major support level from earlier lows.

Recommendation⛔️

•For Bulls: If BTC breaks above $94,700 with strong volume, it could quickly test $95,500 and higher levels.

•For Bears: Watch for rejection around $94,700 or $95,500; if BTC falls below $93,500, it may signal a short-term pullback.