Bitcoin (BTC) – Technical Analysis & Key Levels
2025-02-07
Category: None

Current Market Status:
Price: Trading near $97,000, below the $98,000–$100,000 resistance zone.
Weekend Movement: Recovered 10% of losses, but some gains have been retraced.
Directional Bias: Neutral, as BTC consolidates under key resistance.
Key Levels to Watch
Upside Targets (If BTC Reclaims $100K as Support)
$103,000–$108,000 → Next resistance zone, a breakout above this could trigger further upside.
$115,000+ → Potential medium-term target if bullish momentum strengthens.
Downside Support Levels (If BTC Fails to Hold 97K–$100K Zone)
$91,000–$95,000 → Immediate support range, likely to attract buyers.
$85,000–$87,500 → Stronger support in case of deeper correction.
Market Outlook & Trading Strategy
Bullish Scenario:

A confirmed breakout above $100,000 would shift momentum toward $103,000–$108,000.
Sustained price action above $100K would indicate strength, supporting further rally potential.
Bearish Scenario:

If BTC fails to hold current levels, expect a pullback to $91,000–$95,000.
A break below $91K could expose BTC to $85,000–$87,500 support levels.
Final Thoughts
BTC remains at a critical juncture, with $100K acting as a key decision point. Traders should monitor price action closely for confirmation of either a breakout (bullish) or a rejection leading to further downside (bearish) before positioning for the next major move.