Bitcoin’s Bullish Momentum: Eyeing the $100k Break or Pullback to $90k?

Bitcoin’s Recent Price Action

This week, Bitcoin has shown renewed strength:

Current rally: BTC climbed from ~$92,000 to ~$97,500, with strong daily closes.
Volume surge: Trading volume has increased notably, suggesting conviction behind the move.
Momentum shift: Short-term moving averages are turning upward, hinting at a possible breakout attempt.

The market narrative has shifted from caution to optimism, with traders asking: is Bitcoin preparing to break $100,000, or will it stall and retrace back toward $90,000?

Technical Indicators

Relative Strength Index (RSI): Currently near 62, showing bullish momentum but not yet overbought.
MACD (Moving Average Convergence Divergence): Positive crossover this week, signaling potential continuation of the uptrend.
Support & Resistance:
- Key support sits around $91,000–92,000, where buyers stepped in earlier.
- Resistance remains at the psychological $100,000 mark, which has historically triggered profit-taking.
Volume Profile: Rising volume on green candles suggests accumulation rather than distribution.

Macro & Sentiment Drivers

Liquidity flows: Renewed optimism in risk assets as bond yields stabilize.
ETF inflows: Institutional demand continues to support Bitcoin’s resilience.
Psychological levels: $100k remains the “line in the sand” for sentiment — a break above could reignite FOMO buying.

Key Questions

Will Bitcoin’s rising volume and bullish indicators be enough to push through $100k?
Or will sellers defend the level, sending BTC back toward $90k support?
How will macro conditions — rates, liquidity, and ETF flows — shape the next move?

Conclusion

Bitcoin’s performance this week has been decisively bullish, with volume confirming momentum. Technical indicators point to strength, but the looming $100k resistance is a critical test. Whether BTC breaks higher or retraces will define sentiment for the weeks ahead.

Disclaimer

This post reflects publicly available information and technical analysis. It should not be interpreted as financial advice. Always conduct your own due diligence and consult a financial advisor before making investment decisions.