š±More pump coming to $BTC ??š±
4hr time frame analysis š
š Price Action Overview
ā¢Current Price: $103,404.61 š¢ (+2.31%)
ā¢BTC has seen a steady uptrend since breaking out of the $58,946.00 low (late October 2024).
ā¢Recent 4-hour highs are $103,490.00, but BTC is trading just under resistance at $104,088.00. š
ā¢The 24h Low remains $100,609.41, showing BTC is holding above the psychological $100K level.
š„ Key Resistance Levels
ā¢$104,088.00 ā This is the near-term ceiling BTC is testing. A breakout above could trigger further pumps to:
ā¢$106,345.10 š (visible next resistance zone).
ā¢If bulls break $106K, BTC may push towards fresh ATHs š.
š Support Levels to Watch
ā¢First support: $100,609.00 ā Critical for BTC to hold as psychological support š”ļø.
ā¢Below this, the $89,793.00 zone would be the next solid base where buyers may step in.
ā¢Deeper support: $73,240.97 ā Acts as a structural safety net for any strong corrections ā ļø.
š Bullish Signals
1.Higher Lows and Higher Highs: BTC continues this structure, confirming an uptrend š.
2.Volume Pickup: 1.69B USDT volume indicates strong buying activity. š
3.If BTC clears $104K, FOMO could accelerate, pushing towards $106K+. š
ā ļø Bearish Warning Signs
1.Rejection at Resistance: If BTC fails at $104K, short-term profit-taking could bring it down to $100K šŖ.
2.Volume Drop: Without consistent volume, momentum may slow, and price could consolidate sideways š¤.
3.Long Wicks on Candles: If sellers push BTC down sharply after new highs, a reversal is possible. š
š Is More Pump Coming?
Yes, the chart favors a bullish continuation! š
Hereās why:
ā¢Bulls are holding price near key resistance.
ā¢Volume remains healthy.
ā¢Higher timeframe trends show strength.
If BTC breaks $104K decisively with strong volume, the next target could be $106,345+ in the short term. Failing to break could mean consolidation near $100K before the next push.
š® Final Prediction:
Short-term outlook: Bullish š, with a target of $106K if resistance clears