Bitcoin's price is making waves above $98,000, suggesting a potential bullish run. Currently trading above the $97,500 support, it might see further gains if it surpasses $100,000. Recent movements have BTC clinging to the 100 hourly Simple Moving Average, showing promise for more upward momentum.
The coin has recently cleared resistance at $95,500 and pushed through several obstacles to hit $99,739. It's holding steady above important Fib retracement levels, fueled by a bullish trend line. Immediate attention is on breaking the $99,800 mark to reach $100,000 and beyond. Potential targets include $102,500 and $108,000, provided BTC maintains its upward momentum.
Alternatively, if BTC doesn't breach the $100,000 resistance, a decline could occur. Key support levels to watch are $98,500, $97,800, and $96,550, with a deeper fallback possibly reaching $95,000.
