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BTCUSD (Bitcoin) Buyers May Intensify Strong Momentum
BTCUSD bulls are regaining momentum toward the $100,000 key level. After a strong rebound from the $77,960 support zone, Bitcoin has reclaimed its bullish trajectory, signaling a potential rally toward $100,000. Following an initial rejection by sellers, the bulls have re-entered the market, pushing BTCUSD to $93,150, with further upside still in sight.
BTCUSD Key Levels:
Support Levels: $85,000, $77,960
Resistance Levels: $95,000, $100,000
The Stochastic Oscillator shows a strong buildup, pointing to increasing buying pressure. If BTCUSD maintains its current pace, a push toward $95,000 and eventually $100,000 is likely. However, if sellers attempt a comeback, Bitcoin could face a retest of $85,000 before continuing its upward movement.
The Bitcoin market structure remains bullish, but buyers must sustain momentum to confirm a long-term rally. A break above $95,000 could clear the path to $100,000, reinforcing a full recovery from recent declines. If BTCUSD fails to maintain momentum, sellers could regain control, leading to a retracement toward $85,000.
Market Expectation
On the 4-hour chart, Bitcoin continues to demonstrate bullish resilience, with buyers maintaining strong positioning. The Stochastic Oscillator remains upward, supporting further price expansion.
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