#BTCOutlook BTC Outlook: Bullish Trend Intact, But Caution Advised
After a strong rally in recent weeks, Bitcoin (BTC) is showing signs of exhaustion. While the bullish trend remains intact, I'm advising caution as we approach a critical resistance level.
Key Takeaways:
BTC is testing the $95,000 resistance level, a break above which could trigger a further rally.
However, a rejection at this level could lead to a pullback to the $90,000-$85,000 support zone.
The Relative Strength Index (RSI) is approaching overbought territory, indicating a potential correction.
What's Next?
I'm expecting a short-term pullback to the $90,000-$85,000 support zone, followed by a potential breakout above $95,000.
However, a failure to break above $95,000 could lead to a deeper correction.
Stay Vigilant:
As always, it's essential to stay vigilant and adapt to changing market conditions. Keep a close eye on the charts and be prepared to adjust your strategy accordingly.
Share Your Thoughts:
What's your take on the current BTC outlook? Are you bullish or bearish? Let me know in the comments!
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