Bitcoin continues to show strength by breaking through the key resistance level of $95,000. Currently, the market's attention is focused on the psychological resistance of $100,000, and it remains to be seen whether this level will trigger profit-taking or serve as a stepping stone to an all-time high.
Daily Chart Analysis
Bitcoin recently achieved a technically and psychologically significant victory by breaking through the $95,000 resistance level. After a short period of price consolidation at this level, new buying pressure emerged, continuing the upward trend. The upward momentum initiated after the early-year correction is still considered valid.
This breakthrough is significant as it surpassed the $95,000 level, corresponding, which matches the previous high point. However, attention has now shifted to the $100,000 resistance level. At this level, large sell orders, profit-taking, and institutional investor distribution are temporarily slow down the upward momentum.
If $100,000 is brea strong rally is expected next all-time high of $109,000.
4-Hour Chart Analysis
On the - , paused,000 but successfully broke through cleanly with new buying pressure. This signals the dominance of buyers and confirms the validity of the previous breakthrough.
Currently, $100,000 remains the next major challenge major. If the the first attempt fails, a correction to the the $90,000 support level may occur, where the 100-day-day and 200-day moving averages are expected to provide additional.<-strong>On Analysis p>
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