Bitcoin has made a significant move on Feb 06, 2025, at 06:16 AM (UTC) as per Binance Market Data. The cryptocurrency has surpassed the $98,000 USDT milestone, currently sitting at 98,021.1875 USDT, marking a slight 0.01% increase within the last 24 hours.
The Market Reaction
The crypto community is closely monitoring Bitcoin’s latest surge above $98K. Traders and investors are eager to understand the implications of this move and whether it signifies a potential bullish trend or if a correction is on the horizon.
What to Expect Next?
As Bitcoin continues its upward trajectory, many are speculating on the next key levels of resistance. Analysts suggest that if Bitcoin manages to hold above $98K, the next target could be $100K. However, a failure to sustain this level might lead to a pullback towards $95K.
Is a Correction Imminent?
While the recent increase is positive, there are concerns about a possible correction given the narrow 0.01% rise. Traders are advised to keep a close eye on the price action and volume to gauge whether Bitcoin can maintain its current momentum.
Share Your Thoughts
What do you think lies ahead for Bitcoin after surpassing $98K? Will it continue to climb higher or face a retracement? Share your insights and predictions in the comments below!
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