BTC's 1D chart is currently consolidating above a critical rising trendline and strong support at $98k, eyeing the $140k target. ๐
Alright team, let's break down this juicy BTCUSDT 1-Day chart and see what's cooking for the king of crypto! ๐
Looking at the daily chart, Bitcoin is showing a robust uptrend within a well-defined channel. Currently, price is consolidating right on a critical rising trendline which has been acting as dynamic support. This area is further reinforced by a strong horizontal support zone clearly marked around $98,000 to $100,000. The bounce from these levels is crucial for continuation.
My take? This looks like a healthy retest after the previous push, building momentum for the next leg up. We've seen solid buying interest at these current levels, suggesting bulls are stepping in. If BTC holds this support, the path is clear to eye the next major target/resistance at $140,000. The chart implies a strong upward move from this consolidation.
Highly recommend HOLD and Stacking BTC at Binance.
Feel free to comment the altcoin you are holding and we will check it for you!
#BTC #Bitcoin #TechnicalAnalysis #Crypto #BinanceSquare #HODL #Bullish
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