Bitcoin Losing Grip🚩
Can BTC Reclaim $98K or Head Toward $94K
$BTC /USDT Analysis – 1-Hour Chart
Current Price: $96,328
Bitcoin is showing slight weakness after failing to sustain above $97,839.50.
The chart indicates consolidation with a risk of testing lower Fibonacci levels if buyers don’t step in soon.
Key Levels to Watch📊
Resistance Levels:
$97,450 – Immediate resistance; needs to break for bullish momentum.
$98,087.08 – Major breakout point; crossing this may target $100K.
Support Levels:
$94,455.98 – First Fibonacci support; holding this could offer buying opportunities.
$92,888.00 – Critical emotional zone; losing this could trigger panic selling.
Chart Analysis🚨
Bearish Rising Wedge Pattern: BTC’s current structure hints at possible breakdown below support if buyers fail to defend key levels.
What's next ?
If BTC fails to reclaim $97,450, it could dip toward $94,500–$92,800.
A strong bounce above $97,450 could shift momentum and target $98,500–$100K in the short term.
