$BTC Consolidates Near $95K – Are We Gearing Up for a Six-Figure Move?
Bitcoin is currently trading around the $94,000–$96,000 range after tapping $98,500 last week. This consolidation above the previous all-time high (ATH) resistance near $92,000 is a bullish sign, but the $100,000 psychological barrier remains key.
📈 Key Levels to Monitor:
· Immediate Support: $92,000 (previous AHT turned support) · Major Resistance: $100,000 (psychological & technical hurdle) · Next Target: $105,000 if $100K breaks decisively
🔍 Current Catalysts:
· Continued institutional inflows via Spot Bitcoin ETFs · Positive regulatory developments in major markets · Growing adoption as a macro hedge amid geopolitical tension
🧠 My Outlook: If BTC can hold above $92K and gather momentum, a test of $100K looks likely before year-end. A weekly close above that could ignite the next parabolic phase.
Not financial advice. Trade responsibly.
What do you think? Is $100K just a pitstop on the way higher, or are we due for a deeper correction first?
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