Bitcoin’s multi-timeframe chart action continues to reflect bullish strength, particularly on the daily chart, where the asset maintains a strong uptrend that began in mid-April. Prices rallied from approximately $74,434 to reach a local peak near $97,938 before entering a consolidation phase. While volume has tapered slightly post-surge, the price structure remains constructive, showing no immediate signs of distribution. Key support lies at $92,000, with resistance observed near $98,000. A breakout above this resistance with volume confirmation could catalyze a move toward the psychological $100,000 level.
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Bitcoin
Bitcoin’s multi-timeframe chart action continues to reflect bullish strength, particularly on the daily chart, where the asset maintains a strong uptrend that began in mid-April. Prices rallied from approximately $74,434 to reach a local peak near $97,938 before entering a consolidation phase. While volume has tapered slightly post-surge, the price structure remains constructive, showing no immediate signs of distribution. Key support lies at $92,000, with resistance observed near $98,000. A breakout above this resistance with volume confirmation could catalyze a move toward the psychological $100,000 level.