๐ BTC/USDT Analysis: Bulls Take Charge! ๐
Bitcoin has surged to $91,804, marking a 5.85% gain in the last 24 hours. The breakout past key resistance at $87,875 has ignited strong bullish momentum, supported by impressive trading volume of 71,892 BTC (โ $6.35B). The next major resistance lies at the psychological barrier of $92,000, where traders may watch for profit-taking or consolidation.
On the downside, $87,875 and $85,072 are critical support levelsโideal zones for potential pullbacks or entry opportunities. Moving averages (MA7: $88,953, MA25: $88,046) confirm a strong upward trend, while the price being far above MA99 ($83,428) reinforces bullish sentiment.
Entry Strategy: Wait for a retest of $87,875 or a confirmed breakout above $92,000 to ride the uptrend. With momentum building, a close above $92,000 could open doors to even higher targets.
The bulls are in controlโwill we see a rally to new highs? Stay sharp and trade wisely!
