ππ»ββοΈ Bitcoin (BTCUSDT) has reached a critical resistance zone. This level has rejected the price three times beforeβwill this be the breakout attempt that holds, or are we in for another rejection? Letβs analyze!
πΉ Key Levels to Watch:
π Resistance 1: $99,423 β The current price is testing this level. A clean break and retest here could push BTC higher.
π Resistance 2: $101,900 β If BTC breaks above $99,423 and holds, this is the next target for bulls.
π Support Zone Below:
π If BTC fails to break resistance, we could see a pullback to $93,329, a key support level where buyers have stepped in before.
π Market Indicators:
πΉ RSI at 62.23 β This suggests BTC is approaching overbought territory, meaning a rejection is possible, but there’s still room for upside.
πΉ Volume (47.28K SMA 9) β Volume is increasing slightly, but a breakout needs strong buying pressure to be confirmed.
π§ Whatβs Next?
β‘ Bullish Scenario: A confirmed breakout above $99,423 could send BTC toward $101,900+ and beyond.
β Bearish Scenario: A rejection from this level could trigger a pullback to $93,329, offering a possible long entry.
π’ What do you think? Will BTC break through resistance this time, or are we heading lower? Letβs discuss! ππ₯