Surging Momentum:
In the past few hours, Bitcoin has surged by 10%, breaking through the $88,000 resistance and reaching around $94,000. This marks a powerful continuation of bullish momentum.
Key Resistance Ahead:
The $92,000–$95,500 zone, which acted as strong support between November and February, is now expected to serve as major resistance. A rejection from this range could lead to a short-term retracement.
Retracement Zones:
If Bitcoin fails to break through $95,500:
First support: $91,000
Deeper pullback: $85,000–$87,500
Breakout Scenario:
If Bitcoin decisively breaks and holds above $95,500 on higher timeframes, we could see a continuation toward the next resistance between $102,000 and $108,000.
Conclusion:
Bitcoin is at a key inflection point. Whether it confirms a breakout or sees a short-term correction, this range will be crucial in shaping the next phase of the bull cycle. 📈🔥
#Bitcoin #BTC #Crypto #TechnicalAnalysis #Breakout #Resistance #Support #MarketUpdate #BullRun
In the past few hours, Bitcoin has surged by 10%, breaking through the $88,000 resistance and reaching around $94,000. This marks a powerful continuation of bullish momentum.
Key Resistance Ahead:
The $92,000–$95,500 zone, which acted as strong support between November and February, is now expected to serve as major resistance. A rejection from this range could lead to a short-term retracement.
Retracement Zones:
If Bitcoin fails to break through $95,500:
First support: $91,000
Deeper pullback: $85,000–$87,500
Breakout Scenario:
If Bitcoin decisively breaks and holds above $95,500 on higher timeframes, we could see a continuation toward the next resistance between $102,000 and $108,000.
Conclusion:
Bitcoin is at a key inflection point. Whether it confirms a breakout or sees a short-term correction, this range will be crucial in shaping the next phase of the bull cycle. 📈🔥
#Bitcoin #BTC #Crypto #TechnicalAnalysis #Breakout #Resistance #Support #MarketUpdate #BullRun
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.