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Bitcoin on the Edge: Will Support Hold or Break?

Bitcoin (BTC) is showing signs of strength as it continues to trade above the EMA50 on the daily chart, currently priced at $102,951. 

BTC Chart (Source Coingecko)

This indicates that the bullish trend is still in play, with buyers maintaining control — at least for now.

However, caution is advised.

Despite the bullish momentum, there's a key support level at $100,700 that traders need to keep a close eye on. 

A clean break below this level could trigger a stronger correction, potentially dragging BTC down toward the next major support zone at $94,475.

This would mark a significant pullback and could shift the overall sentiment in the short term. 

As always, price action around these critical levels will dictate the next move.

Key Levels to Watch:

  • Resistance: Near-term resistance remains around recent highs.
  • Immediate Support: $100,700
  • Next Major Support: $94,475

Technical Outlook:

  • Price remains above the EMA50 (bullish)
  • A break below $100,700 could shift momentum bearish
  • Watch for volume spikes and daily candle confirmation near support

Conclusion:
Bitcoin is currently in a critical zone. While it shows bullish signs, one sharp drop could flip the trend. Traders and investors should stay alert, manage risk carefully, and be prepared for both scenarios.

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