#Can BTC Return to 100k?#

Analysis and prospects 🚀
Hello, crypto enthusiasts! Today we will analyze the current situation with BTC/USDT on the daily chart and try to understand if Bitcoin has a chance to conquer the 100k mark again. 📈
⚡Current situation
As of the analysis ( see the chart ) BTC is trading at a level of 94,104.7 USD, which is 0.66% lower over the last 24 hours. After a peak at 95,313.3 we see a slight correction, but let's dig deeper.
Technical indicators:
- The price is above key moving averages (EMA 100: 90,652.8, EMA 60: 87,479.5), indicating the continuation of an upward trend in the medium term.
- RSI(14) at 59.4 — neutral zone, but the proximity to 70 indicates potential overheating. If the market continues to rise without correction, it could signal short-term overbought conditions.
- Stochastic RSI (14, 14, 3.3) shows a value of 10.6, indicating a possible oversold condition on short-term timeframes. This could be a signal for a rebound.
- Volumes: The trading volume over the last 24 hours is 3.95K (372.68M). The chart shows that volumes decreased during the recent rise, which may indicate a weakening of buying pressure.
Key levels
- Support: The nearest support level is around 87,325.6 (EMA 60), while a stronger one is at 74,505.6, where the price previously found buyers.
- Resistance: Zone 95,313.3 (recent high) — the first barrier. If BTC breaks through it, the next target is 100,751.8, and then the psychological level of 114,177.9.
ℹ️Prospects and conclusions
🔶Bullish scenario: If Bitcoin stays above 90k and breaks 95,313.3 with increasing volumes, the road to 100k will be open. An RSI rise above 70 and confirmation of buyer strength on volumes could act as a catalyst for a new surge. In this case, 100k is a quite achievable target in the coming weeks.
🔶Bearish scenario: If the price does not hold support at 90k, we may see a deeper correction to 74,505.6. This could delay the achievement of 100k, but in the long term, the bullish trend remains intact, considering global fundamental factors (ETF acceptance, institutional interest).
ℹ️Withdrawals:
Bitcoin is showing resilience despite local corrections. The current level is a consolidation zone before the next breakout.
The stochastic RSI suggests a short-term bounce, which may provide traders with an opportunity to enter.
100k is not just a psychological level; it is a symbol of market confidence. If BTC breaks 95k with volume, it will be a strong signal for investors.
What's next?
Watch the volumes and price behavior at the level of 95,313.3. If the market shows strength, 100k could become a reality as early as May 2025. But don't forget about the risks: a deep correction down to 74k could cool the bulls' enthusiasm. Trade wisely and always use stop-losses! 💡
Do you believe in 100k for BTC? Share your thoughts in the comments! 🚀