In the last four hours, the BTC/USDT trading pair has seen slight fluctuations as Bitcoin hovers near its psychological resistance of $100,000. Currently, BTC is trading around $98,430, reflecting a marginal 0.32% decline within the 24-hour window. Despite this, the weekly trend shows an 8.59% gain, driven by increasing investor optimism following Bitcoin’s breakthrough past $99,000 earlier in the week.
Market sentiment remains bullish overall, but traders are cautious about the $100,000 mark, which analysts suggest could act as a strong resistance level. Trading volumes remain robust, indicating active participation in the market as speculators position themselves for the next major move. However, volatility is notable, with BTC seeing a range of $97,173 to $98,916 in the past four hours.
As the market moves forward, short-term traders are advised to watch key support and resistance levels, while long-term holders remain focused on Bitcoin’s upward momentum. Stay updated on real-time movements for more informed decisions.