Bitcoin has pulled off a clean breakout above a key resistance zone, with momentum picking up across both timeframes and confirmation coming from on-chain activity.
Technical Analysis
By Edris Derakhshi
The Daily Chart
BTC has broken above the $92,000 level after consolidating for most of April. This breakout comes after a successful reclaim of the 200-day moving average, located around the $89,000 mark, which now acts as strong support around $88,000.
The next major resistance lies at $100,000, while support is now locked in at the $92,000 breakout zone. Judging by the bullish momentum, however, a continuation toward the $100,000 level is more probable in the coming weeks.
The 4-Hour Chart
On the 4-hour chart, price surged through the $92,000 resistance with high volume and has started forming a tight consolidation just above it, signaling a healthy continuation pattern.
The RSI also briefly spiked above 70 and is now stabilizing around the 60–65 range, leaving room for further upsi
We współpracy z: https://cryptopotato.com/bitcoin-price-analysis-is-100k-inevitable-after-recent-breakout/
