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🚨 Key Resistance Zone Ahead! Will BTC Breakout or Face Rejection?

Bitcoin Resistance Zone – Breakout or Rejection

πŸ’πŸ»β€β™‚οΈ Bitcoin (BTCUSDT) has reached a critical resistance zone. This level has rejected the price three times beforeβ€”will this be the breakout attempt that holds, or are we in for another rejection? Let’s analyze!

πŸ”Ή Key Levels to Watch:

πŸ“ Resistance 1: $99,423 – The current price is testing this level. A clean break and retest here could push BTC higher.
πŸ“ Resistance 2: $101,900 – If BTC breaks above $99,423 and holds, this is the next target for bulls.

πŸ“‰ Support Zone Below:
πŸ“ If BTC fails to break resistance, we could see a pullback to $93,329, a key support level where buyers have stepped in before.

πŸ“Š Market Indicators:

πŸ”Ή RSI at 62.23 – This suggests BTC is approaching overbought territory, meaning a rejection is possible, but there’s still room for upside.
πŸ”Ή 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.

πŸ“’ What do you think? Will BTC break through resistance this time, or are we heading lower? Let’s discuss! πŸ‘‡πŸ”₯

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