🚀 BITCOIN (BTC) ANALYSIS: NEXT TARGET $100K OR A HEALTHY CORRECTION? 📉
Assalamu Alaikum, Binancians! 👋 I am CROPTO SAIFUL.
Currently, Bitcoin (
$BTC ) is hovering at a very critical level. Let’s dive into what the charts and data are signaling for the coming days:
1️⃣ Technical Analysis: The Bullish Setup
If we look at the daily chart, BTC is forming a clear Bullish Pennant Pattern. This structure typically indicates a continuation of the strong uptrend. However, the $92,000 - $94,000 zone is acting as a major resistance area that bulls need to flip.
2️⃣ Support and Resistance Levels
Major Support: $88,500 and $85,000. If the market undergoes a correction, these levels are where we expect a strong rebound.
Immediate Resistance: $95,000. Once we break and hold above this level, the road to the legendary $100,000 milestone will be wide open!
3️⃣ RSI Indicator Warning
The RSI (Relative Strength Index) is currently near the overbought zone. This suggests that the market might take a breather—either moving sideways or a small healthy correction—before the next big move. Be cautious with high-leverage long positions right now.
💡 TRADING TIPS BY CROPTO SAIFUL:
Always use a Stop Loss to protect your capital.
Market volatility is extremely high; do not let FOMO (Fear Of Missing Out) dictate your trades.
Patience is just as profitable as a good entry.
📢 WHAT IS YOUR OPINION?
Do you think BTC will hit $100K this month? 🚀🔥 Share your analysis and targets in the comments below!
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