Muzammil Jaan

$BITCOIN (BTC) is currently trading around the $96,900 level after a strong recovery from its recent low near $80,600. The market is showing short-term bullish momentum as the price has moved above the EMA 7 and EMA 25, indicating renewed buying interest. The MACD indicator is positive, which supports the possibility of further upside movement. However, Bitcoin is approaching a strong resistance zone between $98,500 and $100,000, where selling pressure may appear.
If BTC successfully breaks and holds above the $100,000 level, the next targets could be $105,000, followed by $112,000 to $120,000 in the medium term. On the downside, immediate support lies at $94,000, while a stronger support zone is located around $90,000–$92,000. Trading volume is stable but not yet showing explosive breakout strength. Overall, the trend suggests cautious optimism, and Bitcoin’s move toward $120,000 is possible if bullish momentum continues with strong volume confirmation$BTC .

$BTC Bitcoin (BTC) is currently trading around the $96,900 level after a strong recovery from its recent low near $80,600. The market is showing short-term bullish momentum as the price has moved above the EMA 7 and EMA 25, indicating renewed buying interest. The MACD indicator is positive, which supports the possibility of further upside movement. However, Bitcoin is approaching a strong resistance zone between $98,500 and $100,000, where selling pressure may appear.
If BTC successfully breaks and holds above the $100,000 level, the next targets could be $105,000, followed by $112,000 to $120,000 in the medium term. On the downside, immediate support lies at $94,000, while a stronger support zone is located around $90,000–$92,000. Trading volume is stable but not yet showing explosive breakout strength. Overall, the trend suggests cautious optimism, and Bitcoin’s move toward $120,000 is possible if bullish momentum continues with strong volume confirmation.