🚀 BITCOIN $BTC BREAKS ABOVE $94,000 BULLS ARE BACK!
Price Action:
BTC finally smashed $94,000, ending the recent sideways movement. 24h +1.88% with massive volume ($56.4B). A huge $113M short squeeze helped push the breakout.
Technicals Turning Strong:
MACD golden cross → bullish momentum
RSI 60.8 → healthy strength
Key support now: $92,000
Major resistance: $98,000 → $100,000 psychological level
🏦 Core Drivers:
Institutional demand is exploding — U.S. spot BTC ETFs now hold $103B.
Buying pressure is higher than newly mined supply.
Market expects Fed rate cut, boosting risk assets.
Global crypto regulations getting clearer (EU MiCA, US frameworks, UK/Brazil moves).
📈 Market Strength:
BTC market cap now $1.8T and dominance at ~58.7%.
🎯 Trading Outlook:
A daily close above $94K–$95K = bullish continuation toward $100K.
If $92K fails → possible pullback to $88K–$89K.
