Bitcoin is trading above 90 thousand dollars after severe sale pressure last week, which led to a decrease in the price to $ 78100 and penetrated the main demand levels. However, the market recovered quickly after President Trump announced that he was planning to create a US strategic encryption, including bitcoin and choose Altcoins such as XRP, Sol, Ada and ETH. Injecting this statement of confidence in the market, providing bitcoin rebound.
Related reading
Despite this recovery, the road is still not certain because Bitcoin is facing the main technical levels that can determine the next step. According to Axel Adler data on X, Bitcoin is currently trading at 92 thousand dollars, with a 200 -day simple moving average support (SMA) at $ 82,314 and the price achieved for short -term holders in a range of 3 to 6 months at 79,290 dollars. On the side of the resistance, Bitcoin should penetrate the price of short -term holders in the range from one week to another at 97,478 dollars and a range of one month to 3 months at 99,395 dollars.
As Bitcoin continues to stabilize over 90 thousand dollars, analysts believe that the collapse of more than $ 100,000 can lead to regeneration of the upscale momentum, while failure to maintain the main support levels may lead to another wave of pressure pressure. The next few days will be decisive in determining the main step next to Bitcoin.
Bitcoin price is still uncertain
Bitcoin is about to enter a critical stage as the market moves from fear to excitement after President Trump announced a strategic reserve for American encryption. This advertisement has sparked up budgets throughout the market, as Bitcoin has increased more than 12 % since the outbreak of the news. Just three days ago, Bitcoin fell below the main demand levels, and now, speculation about the possibility of obtaining a huge tour.
The market's feelings turned from the severe decline to ascending within hours, reinforcing the argument that Bitcoin is still in a strong upward trend. Analysts closely monitor key levels to determine whether BTC can keep this momentum. Adler visions on x It was revealed that Bitcoin is currently circulating at 92 thousand dollars, with decisive support on a simple 200 -day moving average (SMA) at $ 82314 and the price achieved for short -term holders in the range from 3 to 6 months at 79,290 dollars.
On the side of the resistance, Bitcoin should penetrate the price of short -term holders in the range from one week to another at 97,478 dollars and a range of one month to 3 months at 99,395 dollars. In addition, the short -term pregnant woman has achieved that the price at 91,096 thousand dollars could serve as a local support level.
Although the price procedure has improved significantly, some analysts warn that BTC needs to stick to more than 90 thousand dollars to maintain the bullish momentum. The futures market market is still stable, with no significant accumulation in the leverage, which reduces sudden liquidation opportunities. Investors closely monitor between 97 thousand dollars and 100 thousand dollars, as the collapse over it may show an explosive gathering.
Related reading
The market is declining quickly, but the big question remains: Can BTC recover $ 100,000 this week? With renewed optimism and increasing speculation, all eyes are in the following Bitcoin step.
Price procedure details: Maintaining major levels
Bitcoin is traded at $ 91,800, and maintains the amount of 90,000 dollars after the severe recovery of severe sale last week. He struggled with the price without this level for several days, as it decreased to up to 78 thousand dollars, providing a speculation that bitcoin could enter the bear market. However, the bulls regained some control, and Bitcoin managed to settle higher than this decisive demand area.
This recovery has turned market morale, as many analysts are now considering the possibility of a renewed upscale phase. If BTC continues to get more than 90 thousand dollars and pay about 95 thousand dollars in the coming days, this way may pave the way for an attempt to restore the level of 100 thousand dollars. A fracture above this teacher is likely to confirm a complete recovery and indicates a continuation of the long -term bullish direction of Bitcoin.
Related reading
However, the loss of 90 thousand dollars again can spell the troubles of the bulls. The collapse below this main support may increase the declining momentum, which may again send BTC to the regions of 85 thousand dollars or even 80 thousand dollars. The next few days will be very important as Bulls tries to consolidate their position and push BTC towards a stronger recovery stage. All eyes are now on whether Bitcoin can maintain this level and build momentum in another gathering.
Distinctive image from Dall-E, the tradingView graph
The post Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? first appeared on Investorempires.com.