Probability of BTC Crossing $100,000 Tonight
2024-12-05

Probability of BTC Crossing $100,000 Tonight is high:
Bullish Momentum:

Strong momentum shown by large green candles suggests high buying pressure.
If momentum sustains, a quick test of $100,000 is plausible.
Key Resistance Levels:

If $98,769 (current price) is part of a resistance zone, price must decisively break and close above this level for $100,000 to come into play.
Watch for signs of resistance near psychological levels like $99,000.
Volume Confirmation:

If accompanied by high trading volume, the breakout becomes more reliable.
Market Sentiment:

A sustained breakout with indicators like RSI >70 and ADX trending up could lead to accelerated moves, possibly breaching $100,000.
Indicators Alignment:

If all indicators (RSI, ADX, EMAs) remain aligned bullishly, the probability of continuation toward $100,000 increases.