Bitcoin hovers within a key demand zone, with strong accumulation and technical indicators signaling the potential for a push.
Bitcoin’s price holds steady within the critical $94,800-$97,700 demand zone, supported by strong accumulation and bullish technical indicators. Breaking the $98,279-$100,080 resistance could pave the way for new highs.price trajectory continues to capture the attention of traders and investors alike, with critical support and resistance levels shaping its next move.highlights a critical demand zone. The data showed a demand zone between $94,800 and $97,700, with over 1.
Should Bitcoin fall below this zone, selling pressure could intensify, potentially leading to a bearish reversal. On the other hand, the resistance at $98,279 to $100,080 suggests that breaking above this level is essential for sustained bullish momentum.price currently trades at $98,313, reflecting a steady climb supported by the 50-day moving average at $85,939. Key retracement levels from Fibonacci indicators highlight $94,876 as a vital confluence area, aligning with the demand zone.
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