BTCUSD
Bitcoin Nears Major Resistance – What Comes Next?
As of this writing, Bitcoin is trading around $96,000, climbing steadily as it approaches what I believe is a critical resistance zone between $98,000 and $102,000. This area has the potential to act as a major turning point.
If Bitcoin can break through and hold above the $102,000 level, I believe there’s a strong chance we see continued momentum pushing the price toward $120,000 or even higher. However, if Bitcoin is rejected at this resistance zone, it could mark the beginning of a retracement, with the next major support area appearing around the $71,000 level.
This zone of resistance is, in my view, one of the most important to watch in the current cycle. Whether Bitcoin can establish new support above it — or get turned away — could shape the trajectory for the rest of the year.
Previous Bitcoin Outlook
Disclaimer: The views expressed in this article are my personal opinions and should not be considered financial or investment advice. Trading cryptocurrencies involves significant risk, and you should always do your own research and consult with a financial advisor before making investment decisions.
