$BTC
/USD technical analysis And Bullish Momentum🚀 Towards 100k🚀🔥
Analysis:
1. Current Price: $73,016.12
2. 24-Hour High: $73,085.84
3. Bollinger Bands:
Upper Band (Resistance): $72,968.30
Middle Band (Support): $70,604.91
Lower Band (Support): $68,241.51
4. Parabolic SAR: $70,944.81
Target Levels
With the current uptrend, here are three target levels:
Target 1 (Short-Term): $73,500
Slightly above the recent high of $73,085.84, this target aligns with potential breakout momentum.
It is suitable for a short-term trade if BTC continues its upward trend.
Target 2 (Medium-Term): $75,000
Reaching this level would mark a significant psychological and potential resistance area.
This target builds on the current bullish momentum and could be a strong profit-taking point.
Target 3 (Extended/High): $77,000
This target aligns with previous resistance zones and would represent a broader upward movement.
Achieving this level might require consistent upward momentum and volume support.
Key Support Levels to Watch
In case of a pullback:
$70,944.81 (Parabolic SAR) could serve as the first support level, with a break below suggesting a possible trend change.
$68,241.51 (Lower Bollinger Band) may act as a stronger support if a bearish movement develops
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