$BTC

General trend analysis:

1. Historical rise:

• The currency has witnessed strong upward waves since 2018, interspersed with major corrections.

• There is a clear rise during 2023 and 2024, with the upward trend continuing in recent months.

2. Current point:

• The price is at $95,740, close to the recent highs ($98,000), indicating selling pressure after this significant rise.

Support and resistance areas:

• Strong resistances:

• $98,000 level: represents a psychological and technical barrier, and if broken, the price may move towards $100,000 or higher.

• $120,000 level: is considered a long-term target if the upward trend continues.

• Strong supports:

• $90,000 level: represents the first strong support level if a correction occurs.

• $80,000 level: represents additional support in case selling pressure increases.

Next Expectations:

1. If the uptrend continues:

• Breaking the resistance at $98,000 may push the price towards $100,000 or more.

2. If a correction occurs:

• The price is expected to drop towards $90,000, with a possibility of rebounding from it if the market remains positive.

Trading Tip:

• Follow the main resistance and support areas.

• Use strong risk management with stop loss settings.

• Monitor market news and economic indicators as they greatly affect Bitcoin’s movement.