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Bitcoin / TetherUS
Long

BTC Bulls Charge Toward $102K: Breakout with Momentum!

By Cryptokijker

  1. Breakout confirmed: The price has broken out of the equilibrium zone with strong bullish momentum.


Current price: $99,655.

  1. Key levels:


  • Support: 94K (POL - Point of Liquidity).
  • Resistance: 102K (premium zone).
  • Recent reclaim: 97K FGH (Fair Value Gap High).

  1. Institutional activity: The bounce from the 91K discount zone indicates strong buying pressure, likely from institutional players.
  3. Trade setup:


  • Entry: Current level ($99,655) or on a slight pullback.
  • Target: 102K (premium zone).
  • Stop loss: Below 96K to protect against downside risks.
  • Risk-to-reward: This setup offers a favorable reward ratio if the target is achieved.

  1. Confidence level: 8/10, suggesting a strong likelihood of bullish continuation.
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Cryptokijker

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