CandleFocus

BTC Maintains Bullish Momentum as Resistance Levels Near $99,000 Loom

Author: Content Editor
Bitcoin is currently trading at around $91,428 and has been showing bullish behavior, with analysts suggesting it could reach $115,674.2 before a consolidation phase. The cryptocurrency has demonstrated resilience and support levels at $85,079.6, $88,378.6, and $91,785.4 have held during market declines, providing a solid foundation for upward movement. There have been minor corrections and recoveries, but critical support levels have not been breached, indicating strength in the current trend. Immediate resistance levels at $96,667.6 and $99,096.2 present hurdles for BTC's upward momentum, but a potential breakout above these levels could push the price toward $104,000 and $115,674.2. The chart shows a bullish channel and previous price reversals suggest BTC may challenge the $96,667.6 resistance level soon. Analysts believe surpassing $99,096.2 could trigger a broader rally, with support lines indicating sustained upward pressure. As long as BTC trades above the weighted volume average price of $89,000, it is expected to maintain its bullish structure.

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