Bitcoin Breaks $88K — Eyes on Key Resistance ZoneSurging 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. 📈🔥
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Marketupdate
Market Turning Point? Watch 87,533.05 for a Bullish BreakoutThese 3 candle wicks indicate that the bears are no longer in strong control of the market. However, for the market to turn bullish, it is essential to close above the 87,533.05 level on the daily chart. Only after that can the market become bullish in the short term, with potential targets of 96,000 or even 102,682. But sustaining above the 87,533.05 level on a daily basis is crucial.
Nifty - Jan 25"The bearish head and shoulders pattern played out perfectly. Nifty has dropped 12% from its peak. According to the chart, the downside might be nearing completion. Nifty could pause and recover to the first fib level.
****Covid support is still not broken****
However, BN has already broken the COVID Support and Sensex seems like playing with it.
NIFTY 50 is ready for the Take-off.In the given Nifty 50 Daily time frame chart, we can see a parallel channel pattern and it's breaking out the channel and ready to form the new sky.
We can see targets of 24000,24500,24850,25120,25300 in the positional basis.
Get ready for the fly.........
*Disclaimer: Above description is only for the educational purpose, please do not take any kind of BUY or SELL on the basis of same. Please consult with your advisor before investing.