$BTC
From a technical standpoint, BTC is showing
strong momentum: moving averages are green across the board (MA5, MA10, MA20, MA50, MA100, MA200 all “Buy” signals) and many indicators suggest bullish bias. Investing.com+2TradingView+2
On-chain flows and ETF/institutional interest continue to support the market. Some analys
ts believe a recovery or new bullish leg might be forming. Crowdfund Insider+2CryptoPotato+2
⚠️ Risks & Weaknesses
Bitcoin recently breached important support levels around ~US$100,000–US$102,000 — a warning sign that downside risk is real. The Economic Times+2CryptoPotato+2
Momentum, while positive in some metrics, is not yet decisively bullish; and sentiment remains cautious. Some projections suggest consolidation rather than an immediate breakout. CryptoPotato
🔍 What to Watch Next
Support Levels: The ~$100,000–$102,000 zone is critical. If that fails, BTC could drop further for a deeper correction. CryptoPotato+1
Resistance Levels: A breakout above ~$112,000–$116,000 would likely reignite upside momentum. CoinDCX+1
Macro & Flow Factors: Institutional flows, ETF developments, global regulatory/macro news will play a large part in the next move.
Volatility & Patterns: Given the high RSI/overbought signals, be aware of potential pullbacks even in an overall bullish setup. Investing.com
🎯 My Short-Term Take
Bitcoin is in a cautiously bullish posture: the trend is up, but risks remain. If price holds above ~$100 K and breaks above ~$112 K soon, a move toward ~$120–$130 K is plausible. However if support fails, a correction toward ~$95–$100 K could play out.
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