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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Bitcoin Price Prediction For June 28 2025: BTC Holds $107K As Bulls Test $108K–$109K Resistance Zone
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…
The post Bitcoin Tests $100K Resistance: Can It Hold This Level? appeared first on Coin Edition.
Read More