BTCUSDT bouncing from crucial support zone!!
2025-01-02
Category: None

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Let's analyze BTCUSDT :

BTCUSDT is trading sideways, between a crucial support zone of $92,500-$91,100 and a resistance zone of $98,500.
A decisive break above the resistance zone could signal a bullish trend, while a break below the support zone may indicate a bearish trend.
However, if Bitcoin fails to break above the $98,500 resistance level in the daily timeframe, a significant drop towards the $85,000 to $76,000 zone remains possible.
Currently, Bitcoin is attempting to break through the $98,500 resistance level. This move could be a crucial test before either a sharp decline or a sustained upward break.

Key Support Levels:
$94,700
$92,500-$91,100

Key Resistance Level:
$98,500

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