Bitcoin Could Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details
As the Bulls try to regain control of price action, Bitcoin is currently trading at $90,800 after weighing 13% of rebounds from the $81,000 level. After several days of volatility and uncertainty, Bitcoin’s recovery has already brought optimistic interest in the market, but traders remain cautious as BTC faces key levels of resistance.
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Now, everyone’s eyes are focused on Friday’s Trump crypto summit, where he is expected to announce a confirmed plan for the U.S. strategic crypto protection zone. This activity could have a significant impact on Bitcoin’s trajectory, as regulatory clarity and institutional participation may lead to new investor benefits.
Top analyst Ali Martinez shared a technical analysis on X highlighting the crucial resistance level of $97,000. According to his analysis, if Bitcoin recovers $97,000, it can earn $150,000 in momentum for large-scale gatherings. This level is a key breakthrough zone that could trigger new legs in the current market cycle.
and Bitcoin hovers below obvious resistancethe next few days are crucial to determine whether BTC can push up or face another trial. Traders are closely watching confirmation of breakthroughs, and the crypto summit will be a potential catalyst for the next big move.
Bitcoin is ready to break through
Bitcoin has faced huge volatility and drastic price volatility since last week, and traders are on the edge as they work to establish clear trend directions. After reaching $96,000, BTC fell to 18% to $78,000, triggering panic sales and widespread liquidation. This sharp decline disappeared as investors searched for signs of stability, leading to increased uncertainty.
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Bitcoin has been swinging up and down since its collapse, unable to confirm the decisive moves in both directions. Every attempt to continue to break through has reached sales pressure, while the decline has met demand, while BTC has fallen into a high volatility stage.
Martinez’s Technical analysis on X It points out that if Bitcoin recovers $97,000, it can move towards $150,000. His analysis is based on top PI cycle indicators, a historically reliable tool for identifying market cycle peaks and major trend reversals. If the price follows previous cycle behavior, Bitcoin can prepare for large-scale gatherings, assuming a key supply level is resupplied.
Currently, a $97,000 resistance remains a key obstacle. If BTC can tilt this level into support, the market may be bullish quickly. However, failure to recover these levels may lead to further mergers or another leg before any significant trend changes.
BTC Trading Over $90K: Can Bulls Hold?
Bitcoin is currently trading at $90,800 after several days of lasting sales pressure and negative sentiment. Despite recent attempts to restore momentum, BTC is still working to establish clear trends that keep businessmen cautious about their next move.
To confirm Bitcoin’s recovery, it must remain above $90,000 in the coming days. Staying this level will prompt the power of renewal and may lay the foundation for a large-scale breakthrough. If BTC maintains this position, it could push towards high levels above $95,000 and above, bringing the market back to bullish territory.
However, if Bitcoin cannot hold $90,000, the situation may quickly turn into a bearish. More importantly, losing the $85,000 level can trigger new sales pressure, and even as traders rush to protect their positions, sales pressure can cause panic. Failures below this critical support zone will indicate further downside risks that may bring BTC to a lower level of demand.
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As market volatility remains high, the next few days will be crucial to determining the short-term direction of Bitcoin. Whether BTC is stable over $90K or faces another foot will affect the momentum of the market in the next few weeks.
Featured images from DALL-E, charts from TradingView
