Current Situation
· Price: $95,463.33
· Trend: Short-term decline (-1.32% today, -0.38% today overall)
· Moving Averages:
· MA(7): $96,073.98 (above current price)
· MA(25): $94,252.91 (below current price)
· MA(99): $91,579.55 (support level far below)
· RSI(6): 44.76 (neutral, slightly bearish bias)
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Key Levels & Indicators
1. Resistance:
· Nearest: ~$96,568 (MA7 area)
· Next: ~$97,924 (recent high)
· Major: $100,000
2. Support:
· MA(25): $94,252
· Strong zone: $91,329–$93,075
· MA(99): $91,579
3. Volume & Momentum:
· Current volume low (288.8 BTC vs. MA(5) 3,427 BTC) — lack of strong buying.
· RSI neutral but below 50, suggesting short-term weakness.
4. Higher Timeframe Trends:
· 7 days: +4.76% (bullish)
· 30 days: +8.75% (bullish)
· 90 days: -10.51% (medium-term correction)
· 180 days: -19.00% (still in longer-term pullback from ATH)
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Can BTC Reach $100,000 Next?
· Distance to $100K: ~ +4.75% from current price.
· Scenario 1 — Bullish:
If Bitcoin holds above $94,252 (MA25)** and breaks above **$97,924, the path to $100,000 opens. Need rising volume and RSI above 50.
· Scenario 2 — Bearish/Consolidation:
If price falls below MA25 and tests $91,329–$93,075 support, $100K will be delayed.
Given:
· The 30-day trend is +8.75%
· MA(99) is rising ($91,579)
· No extreme overbought signals
Chances are moderate in the short term, but a clean break above **$97,924** is needed for a confident push to $100,000.
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Watch For:
· Break above $97,000 with increasing volume.
· RSI climbing above 50.
· MA(7) crossing above MA(25) for bullish confirmation.
· If support at $94,252 fails, expect further consolidation before another attempt.
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Conclusion:
Bitcoin is close to $100K** (~4.75% away), but needs to overcome immediate resistance and show stronger buying momentum. If bullish momentum resumes, **$100,000 is achievable soon. If not, it may consolidate first.
#BTC100K is within reach, but not guaranteed without a bullish catalyst.
#BTC #bitcoin #BitcoinETFs #BTC🔥🔥🔥🔥🔥
