Bitcoin price is showing signs of recovery, currently trading above the $98,500 level and near the key $100,000 resistance zone. Bulls are eyeing a breakthrough as the price consolidates above its 100 hourly SMA. Success in this could push BTC to test upper resistance levels around $104,000.
Conversely, failure to clear the $100,000 resistance could trigger a downside correction. Immediate support levels are at $98,000 and $97,350, with a deeper fallback potentially reaching $93,200. Technical analysis indicates a bullish MACD and an RSI above 50, suggesting some momentum in the bulls' favor.
Sumber: www.newsbtc.com ↗