Bitcoin is making headlines again as the leading cryptocurrency has reclaimed key price levels, surging to $97,000 amid renewed market optimism. The digital asset is now facing significant resistance at this critical level, sparking speculation about whether Bitcoin could break the $100,000 milestone this week.
Bitcoin’s Recent Surge
Over the past few days, Bitcoin has experienced a notable rally, driven by increasing investor confidence, institutional interest, and broader market momentum. After a brief dip, the cryptocurrency bounced back, breaking above $90,000 and quickly pushing toward $97,000—a level not seen in previous market cycles.
The surge follows renewed optimism around Bitcoin ETFs, increased adoption by institutional investors, and macroeconomic conditions favoring digital assets as a hedge against inflation.
Why $97K Is a Critical Resistance Level
The $97,000 price mark represents a key psychological and technical barrier for Bitcoin. Analysts note that this level coincides with heavy selling pressure from long-term holders and short-term traders looking to take profits.
Additionally, on-chain data shows increased activity from large Bitcoin wallets, signaling that some investors may be preparing to sell if Bitcoin fails to break through this level.
Can Bitcoin Hit $100K This Week?
Market analysts are divided on whether Bitcoin can breach the $100,000 barrier in the coming days.
✅ Bullish Factors:
- Rising institutional demand
- Bitcoin ETF inflows
- Global inflation fears
- Positive technical indicators
❌ Bearish Risks:
- Profit-taking by large holders
- Regulatory uncertainty
- Potential market corrections
Analyst Predictions
Popular crypto analyst Michael van de Poppe believes that if Bitcoin breaks above $97,000, the next price target will be $105,000. However, failure to hold this level could trigger a retracement to $90,000 before making another move higher.
Meanwhile, other experts argue that a breakout above $100,000 is only a matter of time, with the next bull run cycle potentially lasting until 2026.
Conclusion
Bitcoin is at a critical crossroads, testing resistance at $97,000 as the market watches for a historic break above $100,000. If bullish momentum continues, Bitcoin could finally cross into six-figure territory, setting the stage for the next phase of its parabolic bull run.
Investors are advised to keep a close eye on market movements, as the coming days could define Bitcoin’s trajectory for the rest of the year.
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