Bitcoin Price Bounces Back After Dip—Traders Eye Next Resistance Zone 📈
Bitcoin's price, after a brief correction, tested the $94,000 zone and began to climb again, challenging resistance areas around $95,500. BTC's movement above the hourly Simple moving average indicates potential for further upward momentum.
A bearish trend line breach at $94,750 on the BTC/USD pair supports the possibility of gains. Immediate resistance is seen at $97,750, with potential to break towards $98,000 and possibly soaring to $100,000. However, a failure at $97,750 could see a decline towards the $95,500 support area.
Technical indicators like the MACD and RSI support a bullish outlook, adding optimism for a potential breakout.
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