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