SasanSeifi|Bitcoin Hits $99,500 ATH: Will It Cross $100K Next?
Hey there, β As shown in the 
BTCUSDT 2-day chart, the price broke its previous all-time high (ATH) of $73,000, leading to an impressive rally that reached a new ATH at $99,500. This strong upward movement sparked optimism for further growth. However, after hitting this level, Bitcoin faced resistance and is currently trading around $92,400.
Currently, a minor range is visible near the $90,000 price zone in the 2-day timeframe. If Bitcoin manages to hold this level and consolidate, it may enter a range phase. Following this phase, Bitcoin is expected to resume its upward trend, targeting $100,000 and $107,000.
On the other hand, if Bitcoin fails to maintain the $90,000 support and faces selling pressure, a correction may occur. In such a scenario, a confirmed breakdown below $90,000 could lead to further declines toward the $83,000 and $79,000 support levels.
The $90,000 level is critical for assessing Bitcoinβs next move. A consolidation here could pave the way for more growth. Additionally, if Bitcoin ranges at this level, altcoins might also benefit from bullish momentum.
π’ Please remember that this is just my personal viewpoint and should not be taken as investment advice. Iβd love to hear your thoughts and share opinions!
Happy trading!βπ
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!β
BTCUSDT 2-day chart, the price broke its previous all-time high (ATH) of $73,000, leading to an impressive rally that reached a new ATH at $99,500. This strong upward movement sparked optimism for further growth. However, after hitting this level, Bitcoin faced resistance and is currently trading around $92,400.Currently, a minor range is visible near the $90,000 price zone in the 2-day timeframe. If Bitcoin manages to hold this level and consolidate, it may enter a range phase. Following this phase, Bitcoin is expected to resume its upward trend, targeting $100,000 and $107,000.
On the other hand, if Bitcoin fails to maintain the $90,000 support and faces selling pressure, a correction may occur. In such a scenario, a confirmed breakdown below $90,000 could lead to further declines toward the $83,000 and $79,000 support levels.
The $90,000 level is critical for assessing Bitcoinβs next move. A consolidation here could pave the way for more growth. Additionally, if Bitcoin ranges at this level, altcoins might also benefit from bullish momentum.
π’ Please remember that this is just my personal viewpoint and should not be taken as investment advice. Iβd love to hear your thoughts and share opinions!
Happy trading!βπ
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!β
Follow Your Own Trading Plan!
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π Join our free Telegram Channel for more analysis
π°Telegram: t.me/Forex_Crypto_Signal_Free_VIPπ
πWebsite (Persian): FiboTech.Trade
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