đ„đ„đ„#Bitcoin đ€đ€đ€(BTC/USD) - Bullish Continuation After #Breakout đ„đ„
Trend: Bitcoin has recently đ„đ„đ„#Brokenheart đ€đ€đ€ above a key resistance level (~$95Kâ$99K) and is showing signs of bullish continuation.
Current Action: Pullback to retest the former resistance as support, a typical bullish structure before another upward leg.
đ€đ€đ€đ„đ„đ„#targetsAchievedSuccessfully đ„đ„đ„ Highlighted by Analysts:
$104,550 â Near-term resistance and potential breakout target.
$106,000â$109,000 â Projected targets by wave analysts, marking a continuation of a wave 5 move.
Risk Levels:
Short-term support around $95,000â$95,400 (retest zone).
Key downside target (if failed) could be $86,600, per some traders' risk models.
Sentiment: Mostly bullish across major exchanges (đ„đ„đ„đ€đ€â€ïžđ„#MostRecentTrade đ„đ„đ„đ„Coinbase, Bitfinex, Bitstamp), but oscillators and moving averages show neutral signals, suggesting some caution.
Key Considerations
Historical patterns (2021 comparison) suggest a similar bullish structure.
Volume interpretation and technical indicators should be analyzed carefully â red and green volume bars may mislead.
If support holds on the retest, continuation toward all-time highs appears likely.
