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#BTC /USDT Technical Analysis – Eyeing 96K Breakout
Bitcoin is currently trading around $94,970, up +2.13% on the day, after reaching a 24H high of $95,758. The 1-hour chart shows a strong bullish trend, marked by higher highs and higher lows, supported by solid volume.
Key Technical Highlights:
Bullish Momentum: BTC bounced back from the recent low near $88,241, forming a clean ascending structure.
Resistance Zone: Immediate resistance lies at $95,758. A clear breakout above this could push BTC toward the psychological resistance at $96,000.
Support Levels: First support is around $94,480. If this level holds, bulls are likely to push for another breakout attempt.
Volume Confirmation: 24H volume remains strong with 27,330 BTC traded, suggesting buyer interest is still intact.
Outlook: If BTC holds above $94.5K, we could see a breakout toward $96K and potentially $96.5K. However, failure to maintain this support may trigger a short-term pullback to $92.8K.
Bias: Bullish above $94.5K | Watch for breakout confirmation above $95.8K