Bitcoin Tests $100K Resistance: Can It Hold This Level?

• Bitcoin reclaims $100K, facing strong resistance at $102K – $108K, with key support at $91K – $89K.
• Momentum indicators remain mixed, with RSI near 44 and MACD showing signs of slowing bearish pressure.
• A breakout above $109K could confirm a bullish continuation, while losing $100K may lead to a retracement toward $93K – $89K.

Bitcoin (BTC) has surged past the $100,000 mark, hitting a key psychological level in the period of ongoing volatility. The cryptocurrency recently traded between $96,000 and $97,000, facing multiple rejections at resistance levels. While sentiment remains cautiously optimistic, BTC must sustain this momentum to confirm a bullish breakout.

Technical Analysis: Bitcoin Tests $100K Resistance, Support at $91K

Bitcoin’s price action shows resistance between $100,000 and $102,000, with a stronger barrier forming near $108,000 – $109,000. 

Immediate support is between $91,000 and $92,000, an area where buyers have historically entered the market. A broader accumulation zone exists at $85,000 – $89,000, making it a crucial level for bulls to defend.

Moving Averages and Momentum…

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