$BTC

Bitcoin reaches a historical high, next stop 100,000? 🚀

Brothers, on November 20, Bitcoin surged to a new historical high, directly boosting market sentiment! This move may indicate the start of the next wave of a super bullish market, and the bulls are firmly in control, we just need to wait for it to continue to take off!

Current trend: Bullish dominance, targeting 100,000 💎

Technical analysis:

Current support: Near the ascending trend line, Fibonacci 1.618 (93251), followed by the 20-day moving average (85235) as strong support.

Resistance level: The 100,000 mark is the first major hurdle for the bulls, and if broken, it may shoot straight to 127684!

Momentum indicators:

RSI indicator is in the overbought area, indicating strong buying pressure. Although the bears may target the 100,000 level, currently, the momentum is still on the bullish side.

Short-term risks: Signals to watch ⚠️

1. Break of the ascending trend line:

If the price falls below and closes under the ascending trend line, short-term traders may take profits.

2. Loss of the 20-day moving average:

Once the price drops below the 20-day moving average, it may trigger a deeper adjustment, and the market will temporarily weaken.