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𝗖𝗮𝗻 #𝗕𝗧𝗖 𝗛𝗼𝗹𝗱 𝗔𝗯𝗼𝘃𝗲 $98,850 𝗳𝗼𝗿 𝗠𝗼𝗿𝗲 𝗚𝗮𝗶𝗻𝘀?
Bitcoin (BTC/USD) is trading at $98,399, attempting a breakout from a symmetrical triangle pattern. If BTC holds above $98,892, it could rally toward $100,594, a key resistance level aligned with the Fibonacci 0.618 retracement.
The 50-EMA at $97,277 is providing support, keeping the bullish momentum intact. A drop below $97,183 could lead to further losses, with $95,089 as the next major #support .
#Traders should watch for buying volume—a strong push above resistance could confirm the breakout, while weak momentum may keep BTC range-bound.
Technical Outlook:
•BTC must stay above $98,892 to sustain bullish momentum.
•The 50-EMA at $97,277 acts as immediate support.
•A break below $97,183 could send BTC toward $95,089.
Bitcoin’s short-term trend hinges on breaking resistance, with a potential move toward $100,500 if buying pressure increases.
#HotTopicDiscussion #BTC