Bitcoin has finally broken above the tough resistance level at $95,000, a level we’ve struggled to conquer for the past 15 days. It's now trading around $96,800, and the bullish momentum appears to be building.
I believe this momentum could carry the price beyond
97K–
98K, potentially leading us to the next major resistance zone at $100,000.
However, $100K won't be easy to break. Expect significant profit-taking around that level, as we’ve seen in the past. Our previous failure to break above it led to a bloody market throughout 2024. While this time could be different, remember: $100K is a massive resistance wall.
Altcoins, meanwhile, have lost a bit of momentum, as capital has been flowing steadily into BTC. As Bitcoin gains strength and dominance, altcoins are temporarily being pushed to the sidelines.
But don’t lose hope—incredible altcoin opportunities are coming soon.
Stay tuned.
I believe this momentum could carry the price beyond
97K–98K, potentially leading us to the next major resistance zone at $100,000.However, $100K won't be easy to break. Expect significant profit-taking around that level, as we’ve seen in the past. Our previous failure to break above it led to a bloody market throughout 2024. While this time could be different, remember: $100K is a massive resistance wall.
Altcoins, meanwhile, have lost a bit of momentum, as capital has been flowing steadily into BTC. As Bitcoin gains strength and dominance, altcoins are temporarily being pushed to the sidelines.
But don’t lose hope—incredible altcoin opportunities are coming soon.
Stay tuned.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN ME ON TELEGRAM t.me/aztradescrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.