Bitcoin's Bullish Momentum Continues!
2024-12-31
Category: None

Hey traders, here's an exciting update on Bitcoin! In our last analysis, we discussed how BTC was testing the critical $93,800–$94,200 level, and guess what? Bulls have delivered!"

📈 "As you can see in the updated chart, Bitcoin has surged past the $94,000 zone and is now approaching the Bullish Week level at $95,772. This shows strong buyer momentum as BTC continues to hold above key support zones."

💪 Key Observations:
1️⃣ Support Retest Held Strong:

Bitcoin successfully held the $93,800–$94,200 range, flipping it into a firm support base.
2️⃣ New Resistance Tested:

BTC is now battling with the $95,772 Bullish Week level. Clearing this level could open the door to the next key target at $96,600+, aligning with the swing highs above.
⚡ What’s Next?
"If BTC can close above $95,800, the path toward $96,600 and potentially $98,000 becomes a real possibility. However, watch for any pullbacks to retest the $94,000 zone, which should act as strong support if the bullish trend holds."

🛠️ "For now, bulls are in full control, and the momentum is clearly favoring upside action. Let us know in the comments where you think Bitcoin is heading next!"

 

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#Bitcoin #BTC #Crypto #Bullish