#BinanceBlockchainWeek $BTC đžđž
BTC recently bounced sharply from a low near â $84,000 to reclaim levels around $93,000â$94,000 â a rebound many attribute to renewed institutional buying and optimism around macroeconomic conditions.
Market sentiment has improved as expectations grow that the Federal Reserve may cut interest rates soon â a factor boosting risk-assets including Bitcoin.
Some bullish forecasts suggest BTC could rally further â potentially toward $120,000 if momentum and institutional flows persist.
#BTC has broken above $93K, there is room for a bullish swing toward $96Kâ$100K â especially if macroeconomic conditions and institutional demand stay supportive.
But volatility remains high: if BTC fails to hold support around $90Kâ$92K, a retracement toward lower levels (e.g. $88K or even $85K) is possible.
For traders: watch the $94Kâ$98K zone carefully â a decisive breakout could fuel momentum, while a rejection or âfalse breakoutâ might lead to sharp pullbacks.
For swing- or mid-term holders: the current bounce can offer a reasonable entry, but risk management is key â consider using stop-losses around support zones or reducing leverage.#BinanceAlphaAlert
