BTC $94K: The Line In The Sand That Decides Everything 🚨
BTC is currently hovering around $94,291, showing resilience after testing lower levels, signaling the November downtrend momentum is exhausted, confirmed by flattening VWMA lines. 🔑 The key trigger: A daily close above $94K hands control back to the bulls. If this happens, $94,101 flips from resistance to support, solidifying higher lows starting from $92K. This aligns perfectly with the golden cross signal on the 4H chart.
The market is range-bound between $92K and $95K, but ETF inflows ($55M yesterday) keep supply tight, with institutions like IBIT buying consistently. The bias is slightly bullish, but tomorrow's CPI data could cause fireworks in either direction—weaker data favors the upside.
Key levels: Support at $94,276 → $93,373. Resistance at $94,634 → $98,800. A close above resistance targets $98K short-term. Losing $93,373 brings the bears back, aiming for $88K. Overall structure favors bulls, provided volume exceeds $50B.
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