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Bitcoin is now trading over the $ 96,000 sign after several days of struggle to penetrate this resistance area. Powering signals were renewed from bulls, who regained control after weeks of narrow monotheism. However, while this step confirms the bullish momentum in the short term, the critical level of restoration is still the psychological threshold of $ 100,000. The decisive batch of more than $ 100,000 can open a wave of upward trend at the market level and may lead to a new stage of the bull cycle.
The higher analyst Daan participated in a technical analysis of X, noting that BTC has officially separated from the range of $ 93,000 and 96 thousand dollars after about a week of compressed price procedures. The current preparation is compared to the previous monotheism, which also preceded the outbreak, while emphasizing the need to keep this new support.
The coming days will be a key to determining whether Bitcoin can maintain this momentum and move with confidence towards the tall numbers teacher.
Bitcoin explodes again, but the bulls must defend the key levels
After months of sales pressure from its highest levels ever, Bitcoin again shows signs of strength, in an attempt to confirm the broader bullish preparation that can raise the entire market. The decisive rest is above the level of 90 thousand dollars a major transformation in the momentum, giving the bulls the upper hand and feeding optimism about a possible batch towards the six -digit area. However, there are still risks in the broader market, including continuous macroeconomic uncertainty and continuous trade conflicts between global powers that still weigh the morale of investors.
Dan visions shared This indicates that BTC has separated from a range of $ 93,000 and 96 thousand dollars after nearly a week of narrow monotheism and compressed price procedures. This pattern reflects a previously seen preparation just a few days ago, as a similar pressure led to an upside down. According to Daan, this penetration is encouraging, but must be defended. The transition to a range of 93 thousand dollars to 96 thousand dollars would undermine the current gathering and can indicate the mere seizure of liquidity rather than the continuous collapse.
Currently, Bitcoin continues to trade strongly, but the next few sessions will be crucial. If the bulls can exceed 96 thousand dollars and build momentum, the path is raising the brand of 100 thousand dollars increasingly possible. Otherwise, the risk of recovery and renewed fluctuation remains on the table.
Price analysis: Bulls aim to 100 thousand dollars with the extension of the penetration
Bitcoin is currently trading at 97,015 dollars after pushing the main resistance levels in a strong continuation of the upward trend that started in mid -April. This graph for 4 hours shows a clear outbreak over the range of 93 thousand dollars to 96 thousand dollars, which pressed for about a week. The penetration process followed a fixed price over 95 thousand dollars, indicating strong demand and controlled upward momentum.
Both SMA 200-Peyod ($ 86,572) and EMA ($ 89,048) are much lower than current levels, indicating that bitcoin is much higher than medium-term support areas. This location determines the bullish structure and suggests any restoration in the 90,000 dollar area to 92 thousand dollars that can serve as a health test rather than a collapse.
The folder was largely chosen during the penetration on April 23-24 and remained high, which is a strong technical confirmation of this step. The immediate resistance is now at the level of $ 100,000, with a secondary goal at 103,600 dollars.
Bulls must keep momentum and avoid acute rejection to less than 95 thousand dollars, which may mean a failed outbreak and open the door to achieve profits. In general, the trend remains optimistic with the potential of the upward trend, but merchants must monitor the signs of fatigue near the resistance.
Distinctive image from Dall-E, the tradingView graph
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