Bitcoin (BTCUSD) has resumed its upward momentum, successfully breaching the $95,820 level and attempting to maintain trading above this threshold. This move is expected to activate a positive trend, with potential gains targeting the $98,000 mark, followed by the key psychological level of $100,000.
Technical indicators are showing positive signals, reinforcing the bullish outlook for Bitcoin. However, should the price fall below $95,820 and subsequently break the $94,920 level, the upward trend could be invalidated, leading to a potential decline towards the $91,855 level.
The expected trading range for today is between the support at $95,000 and resistance at $100,000.
Trend Forecast: Bullish
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