BTC/USDT CHART UPDATE !!
#BTC breaks above the descending trendline and reclaims the 50-day MA, it could signal renewed bullish momentum.
The breakout will likely initially target $97,500-$100,000, and further upside towards $107,500 is possible.
Failure to hold the support zone ($92,500) could lead to a deeper correction.
The next major support is near $87,500, with extended downside risk towards the beige zone (around $80,000-$75,000).
A continued sideways movement is possible if BTC remains range-bound between $92,500 (support) and $97,500 (resistance).
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
The breakout will likely initially target $97,500-$100,000, and further upside towards $107,500 is possible.
Failure to hold the support zone ($92,500) could lead to a deeper correction.
The next major support is near $87,500, with extended downside risk towards the beige zone (around $80,000-$75,000).
A continued sideways movement is possible if BTC remains range-bound between $92,500 (support) and $97,500 (resistance).
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
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