BTCUSD Bulls Aim to Defend $100,000 Significant Zone Amid Selling Pressure

BTCUSD (Bitcoin) Bulls Ready to Take a Strong Stance

BTCUSD bulls are determined to defend the $100,000 significant zone amid mounting selling pressure. Buyers are maintaining their position above this critical level, even as the market experiences persistent sell pressure. Despite these challenges, bullish momentum continues as buyers aim to solidify control and push prices higher.

Bitcoin Key Levels

Resistance Levels: $103,000, $108,550
Support Levels: $100,000, $95,000
Bitcoin started the year with strong bullish momentum, recovering from $91,000 and surpassing the $100,000 mark. However, sell pressure has emerged, testing the resilience of buyers. The market remains optimistic, with bullish sentiment prevailing as buyers look to sustain the upward rally.

The Bollinger Bands indicate heightened volatility, signaling the possibility of a significant price move as buyers attempt to strengthen their position. Meanwhile, the Momentum indicator reflects ongoing bullish activity, suggesting that the market continues to favor buyers despite the underlying selling pressure.

If buyers can maintain their momentum, Bitcoin may test the $103,000 resistance level in the short term. A successful breakout above this level could pave the way for a rally toward $108,550, further establishing bullish dominance. However, failure to hold above $100,000 could lead to a pullback, with $95,000 acting as a critical support level.

Market Expectation

On the 4-hour chart, buyers remain active, with the Momentum indicator showing strong upward movement. While selling pressure persists, bulls appear ready to withstand it and continue driving the price higher.
If bullish momentum is sustained, Bitcoin could target $105,000 in the medium term, with further gains potentially reaching $108,000. However, a lack of sustained momentum might result in consolidation around $101,000 before the next upward move. Crypto signals suggest keeping an eye on these critical levels for potential breakout opportunities.

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