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Bitcoin Surpasses $106K: Bullish Market or Temporary Correction?

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  • Analyst views Bitcoin’s breakout as a sign of future growth, with potential buying opportunities during the current correction.
  • Glassnode’s RHODL Ratio decline shows increasing short-term activity, with no mass exit from long-term holders.
  • Despite Bitcoin’s rise, low Puell Multiple suggests external factors driving the market, with potential for more growth.

Bitcoin is also performing well and has recently broken the $106,000 resistance, indicating that the crypto market has a promising future. Market analyst Michael van de Poppe believes there are huge buying opportunities in the current correction, which is mostly fueled by panic selling. He is indicating that the market could retest lows of past sessions during the weekend but will recover next week.

Blockchain analytics company Glassnode noted RHODL Ratio of BTC. This metric is the comparison of long-term holders (coins held between 6 months and 2 years) and younger coins (1 day to 3 months old). Although the ratio has reached its peak in 2024, it has started to decrease, which points to the higher short-term activity. Nevertheless, no mass participation of older holders leaving the market has been observed.

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Source: Glassnode

Bitcoin’s Surge: Are External Factors Driving the Market?

The rising price coincides with the fact that BTC is making new records, having exceeded the $106,000 mark. It is a very important development, indicating that the bullish market might be gathering momentum. Nevertheless, analysts also note that the Puell Multiple indicator, which suggests the daily revenue of miners divided by the annual mean, remains low and has yet to fall below 1.40.

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Source: TradingView

The low Puell Multiple suggests that miners are not fully benefiting from the Bitcoin price increase. Since the price has increased, the revenue received by the miners has not achieved the trend of the market rise. That is a sign that the market could be driven by external factors, such as institutional demand, BTC ETFs, or a shrinking supply, rather than by mining itself.

Bitcoin’s Bullish Potential

In the past, the Puell Multiple reading of less than 1.0 indicated undervaluation phases. It is at such periods when the price of BTCdoes not entirely represent its long-term growth potential. This indicator being at low levels while BTC is setting a new all-time high is uncommon and suggests that the market has not yet reached its peak euphoric stage.

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Source: X

This becomes a possible opportunity to the investors. The bull run might not be over yet, with Bitcoin at a new all-time high and miners continuing to experience low incomes. Bitcoin might exceed its current highs in case the revenues of miners rise in the next months due to the growth of demand.

As the price of Bitcoins sets new highs, the fundamentals of the market indicate that there is more upside left. Low Puell Multiple and growing outside demand might result in rising prices and better profitability of miners in the coming months. This combination suggests that the bullish BTC trend is not yet over.

Read More: Bitcoin Poised to Surpass All-Time Highs as 98.68% of Addresses Go Into Profit

Bitcoin’s Next Big Move: September 2025 or March 2026 for the Next Cycle Top?

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  • Bitcoin’s price cycles are linked to past ATH and the 200-week SMA, with key projections for 2025 and 2026.
  • Despite historical accuracy, Bitcoin’s volatility makes cycle predictions risky and uncertain for investors.
  • More Crypto Online signals bullish Bitcoin trends, but short-term market shifts remain unpredictable.

The price cycle of Bitcoin is gaining focus with a different methodology that foresees the next possible cycle top. Egrag Crypto provided insights on a theory that links the past all-time highs (ATH) of BTC with the 200-week simple moving average (SMA). Two important dates, September 2025 and March 2026, are underlined in the analysis.

Bitcoin Price Cycles and Market Uncertainty

According to the theory, it is possible to predict Bitcoin’s price cycles using previous trends. In Cycle A, the high of the prior ATH and the 200-week SMA coincided resulting in the cycle high. Cycle B traded in a very comparable manner and the cycle top came in almost textbook fashion. Nevertheless, Cycle C took place approximately 42 days later, and it demonstrated the instability of cryptocurrency markets.

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Source: X

This method is premised on the belief that past trends can be used to determine future prices behaviour. Although it has been effective in the history of the trade, such projections are not so sure due to the volatile nature of cryptocurrency markets. The delay in cycle C is a reminder that the behaviour of the market may not be predictable creating a risk factor in the analysis.

200-Week SMA and Bitcoin’s Future Cycle Tops

An important element of the analysis is the 200-week SMA. It is a strong long-term trend signal of Bitcoin. The convergence of this moving average with ATH of BTC has frequently highlighted the top of the cycle in the past cycles. The approach gives structure to future forecasts but the forecasts are speculative.

The analysis notes two important dates as to the next potential cycle top in September 2025 and March 2026. The dates are calculated relying on the estimated convergence of the 200-week SMA with the price action of BTC. Intriguing as the projections are, they are uncertain. These projections may be risky as the market may behave differently providing risks to the investors.

More Crypto Online indicates that the price behavior of BTC at this point favors a bullish scenario. The general market direction is bullish, which supports the view of sustained growth. Nevertheless, he also warns that in the short term, any movement is possible, as the support and resistance levels in the crypto market can change within a short period.

Source: X

The long-term outlook for BTC is positive, although short-term market fluctuations are unpredictable. The forecasts to 2025 and 2026 provide the possible price changes; nevertheless, the future is unpredictable.

Read More: Crypto Momentum Builds: 23% of Altcoins Now Outperforming Bitcoin

Bitcoin’s Bullish Divergence: Will BTC Continue the Uptrend?

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  • Bitcoin shows bullish divergence on Coinbase’s BTC/USDT chart, signaling potential upward movement.
  • A key support zone and an RSI above 50 could confirm the continuation of Bitcoin’s bullish trend.
  • A decreasing volume suggests that sellers are less active, opening the door for a market shift toward bullishness.

Bitcoin (BTC) has drawn interest from analysts due to a bullish divergence it showed on Coinbase’s daily BTC/USDT chart. Rose Premium Signals highlighted that while Bitcoin’s price is growing at the bottom, the RSI is falling. This pattern is seen as an indication that the market is likely continuing its upward movement, so traders watch to spot the next trend change.

As indicated by the yellow support zone, this level is considered very important. If Bitcoin remains above this level, it might cause the price to rise and solidify the current positive trend. Analysts are closely monitoring this area, as it may determine whether the market turns bullish again. In addition, when RSI levels rise and pass the 50 mark, this can indicate that a bullish run is starting.

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Source: X

The volume has been going down, indicating that sellers are becoming less active. When volumes are low, it may indicate that the market is ready for a shift, allowing buyers to profit. If bulls find support in the zone, they might be able to lift prices. The Relative Strength Index (RSI) should also be watched carefully, since a rise above 50 could point to continued bullish action.

Bitcoin and Stock Divergence

Analyst Daan Crypto Trades revealed that Bitcoin has not performed as well as stocks over the past two weeks. The recent pattern shows that Bitcoin has stopped moving, while the stock market continues to build up in its recent high range. Previously, Bitcoin’s performance reflected a leading role in the market during times of trade tariff uncertainty.

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Source: X

The current BTC market price is $105,038, and the 24-hour trading volume is set to $26.98 billion. Cryptocurrency has often done better than stocks in times of uncertainty, though its recent behavior has caused some doubt. At the peak of the trade war, BTC experienced a surge, though it has found it challenging to move as quickly as the stock market now. Since stocks are moving forward, BTC’s slow movement has made traders doubt if the token can continue to lead the market.

When traders anticipate a trend reversal, support levels are still very important. When BTC remains above the support zone, it could encourage further bullish movement. Still, since momentum is slowing down, there is some uncertainty in the market. BTC direction going forward depends on support levels and changes in the RSI, due to less volume being traded and the market moving apart.

Related Reading: Litecoin (LTC) Price Holds Above $84, Eyes Breakout Toward $100

Bitcoin Faces Strong Resistance at $111K: Will It Break or Fall Back?

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  • Bitcoin has underperformed compared to stocks, showing weak correlation and raising concerns for investors.
  • Historical patterns indicate that BTC faces resistance at $111K, with a potential for a significant market correction.
  • Analysts warn that if BTC fails to break the $111K resistance, a deeper price decline could follow.

Bitcoin has performed worse than stocks during the past two weeks. According to Daan Crypto Trades, Bitcoin has recently moved less in the same direction as equities. Even though Bitcoin’s value rose sharply in the wake of the tariff crisis, it has since halted, with stocks still near their highest levels locally. As a result, many are now concerned about the future of BTC.

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Source: X

In the past, Bitcoin has played a leading role in moving market prices up and down. In difficult times such as the trade war, BTC able to maintain its strength. However, the market’s activity has less energy at the moment and it shows fewer signs of growth than in past hard times. These details could signify a turn in its leadership position in the global market.

Bitcoin Faces Repeated Resistance

Rose Premium Signals provides insight into why Bitcoin is behaving as it is at the moment. The testing of horizontal resistance levels by BTC and the resulting rejection is a pattern that keeps repeating. This trend has regularly occurred within Bitcoin’s past, often resulting in big dips once resistance was reached.

Large price corrections have followed any rejection in the past for BTC. Most of these temporary declines in value were about 9-10%. On the other hand, some corrections have seen losses of about 30-35% from the markets’ highest points. The patterns observed in these time periods suggest that BTC may also decline unless it can overcome its current resistance levels.

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Source: X

Risk of Further Decline

Right now, Bitcoin is being rejected by the $111K zone. This zone is facing powerful resistance and the history of previous denials makes the situation even more worrying. If the price cannot overcome this level shortly, experts anticipate a significant fall of more than 10%. The market is monitoring to determine if BTC is capable of taking back this important level.

If the current resistance holds, the price of Bitcoin is likely to drop further. If resistance keeps holding strong, it could be an indication that the rally has probably peaked. Traders are closely monitoring whether BTC will rise in price or fall again into another correction. As of press time, BTC is trading at $104,352, up by 0.33% over the past day.

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Source: X

BTC not keeping up with stock prices, as well as the usual refusals at resistance points, indicates that the market could soon correct itself. BTC’s path will be shaped by the level of $111K. If the bulls are unable to push BTC above the resistance, it may fall even more in the coming period.

Read More: Bitcoin Faces Volatility: Are Long Liquidations Signaling a Market Shift?

Bitcoin’s Retail Interest Slows: Will Institutions Keep BTC Dominant in 2025?

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  • Bitcoin’s post-election surge slowed, indicating a drop in retail interest with few new buyers entering the market.
  • Institutions are increasing their Bitcoin investments, contributing to BTC dominance, while altcoins struggle to compete.
  • Bitcoin’s price stall could be linked to excessive leverage, and a correction in open interest may lead to a stronger upward trend.

Daan Crypto Trades mentioned the way Bitcoin’s market has shifted in the past few weeks. While BTC saw a big rise in interest after the election, that growth has slowed and now started to decrease. This trend means retail interest may be dropping in 2025. Most of the people involved in the market now are the same as those in previous years and few new retail buyers have entered the industry.

While retail is stepping back, institutions are investing more and more money. Major financial institutions are investing in Bitcoin which over time may even balance out the amount of BTC being bought or sold by retail users. However, the analyst believes that Bitcoin’s leadership is growing which gives its rivals little breathing space. It may continue until an unforeseen event inspires an increase in shopping.

Retail Interest Dips as Bitcoin Dominates

BTC is rarely a priority for the retail sector. Analysis suggests that it takes a strong event or news story to capture people’s interest and rekindle their interest in BTC. The Bitcoin dominance is still at a high level, so until things change here, this situation should keep repeating. Large investors will continue to choose BTC, while smaller altcoins may not do as well.

The actions of Bitcoin in the past few weeks are significant as well. During a particular time, the price of Bitcoin rose by 42% as soon as 30,000 BTC in open interest was introduced all at once. In another period where 45,000 BTC in interest was poured in, the price went up by only 8%. This makes it obvious that the market responds differently to the same amount of open interest.

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Source: X

A lot of leverage was added during the most recent peak which may have caused BTC price to stop rising. Daan Crypto Trades mentions that most of the leverage is currently in the area between $108K and $110K. Since much of the capital is locked away, this may keep BTC price within a limited range for now.

Balancing Open Interest: Key to BTC’s Next Move

Although open interest typically increases when the price rises, maintaining a balance is crucial. The earlier surge was accompanied by a flood of long orders, which is believed to have contributed to BTC stall. If open interest were corrected, this could let the market move more openly and without issues. If prices lower to neutrality, it can improve how the market operates overall.

BTC could see better short-to-mid term results as a result of this reset. If the traders move positions with modest leverage, the bullish trend might be supported. People who trade and invest will focus on this likelihood of a correction. If the number of open contracts is equalized, Bitcoin may climb again.

As of now, BTC is trading at $104,973, down by 0,50% over the past day and down by 3.49% over the past week. The 24-hour trading volume for Bitcoin stands at $47.26 billion, reflecting a 6.07% increase.

BTCUSDT 2025 06 04 18 17 27
Source: TradingView

Right now, institutions are fueling BTC prominence. So far, retail participation is not high and BTC are still the main asset being traded. However, if the market rebounds, BTC may surge again, benefiting both small-time retailers and large institutions.

Read More: Bitcoin Poised for Major Breakout: Will It Hit $110K or Drop Below $103K?

Is Bitcoin Ready to Break $100K? Short-Term Holders Signal Major Rally

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  • Bitcoin’s rise in short-term holder activity signals potential price growth, with $100K as the next major target.
  • Historical patterns show that increased short-term holder activity often precedes significant Bitcoin price surges.
  • Bitcoin’s current price range suggests a possible breakout; surpassing resistance could trigger a move toward $100K.

Bitcoin is expected to experience strong price growth in the near future, according to CryptoQuant’s recent analysis, which reveals patterns similar to those observed in early 2024. The platform shows a dramatic increase in short-term holder operations, which indicates that market prices could jump. The rise in short-term holder behavior in Bitcoin’s markets typically precedes substantial price changes, which indicates Bitcoin could surpass the $100,000 level to begin an upcoming bull market.

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Source: X

Bitcoin entered temporary price boosts during both January and October 2024 after its short-term holder base expanded. The rise in short-term wallet usage by holders with one to seven days of holding time ended in significant price rallies, which affected BTC and all major altcoins. New upward movements for Bitcoin seem possible based on CryptoQuant’s data analysis, which shows this activity pattern re-appearing on the market.

Bitcoin Poised for $100K Surge

Price surges in cryptocurrency markets are directly proportional to activity among short-term investors who hold their assets for one week or less. Throughout history, increased flows of short-term holders served as an early alert that accumulation was starting, which usually precedes significant price surges. The current trend suggests that BTC has a strong probability of reaching $100,000, which would trigger a new robust bullish trend.

Daan Crypto Trades warns that Bitcoin exists within a constrained and unstable trading zone. The current price position protects against lower highs, but analysts believe the market shows signs of impending liquidity extraction. A BTC price rise above essential resistance zones without any rejections would signal the start of an extended bullish trend. The market interprets a swift price rejection as BTC clearing its path for temporary market retreats.

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Source: X

BTC Trapped in Price Range

Bitcoin remained confined within the $83,000-$86,000 range during last week, which demonstrated its persistence to stay bound by recent trading patterns. Market participants stand ready with a pause until they identify undeniable directional cues. BTC has the potential to trigger a major market rally if it surpasses the existing resistance levels since it could propel prices toward the $100,000 mark.

Market sentiment appears to have shifted because short-term holders have become more active, yet market uncertainties persist. These market indicators draw close attention from traders because they may lead to BTC price growth in upcoming market periods. The cryptocurrency market could enter a new phase of upward movement when BTC manages to cross the $100,000 threshold during the ongoing trend.

Read More: Ethereum Gears Up for a $2,000 Breakout: Key Network Updates Driving Growth0

Bitcoin’s Key Resistance Levels: Will BTC Reach $100,000?

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  • Bitcoin is consolidating between $89,500 and $91,000, with the $100,000 mark acting as a psychological barrier.
  • The pivot point between $89,500 and $91,000 holds bullish significance, indicating potential for a breakout.
  • Increased on-chain activity, with 800,000 active Bitcoin addresses, signals renewed market interest and potential demand.

Bitcoin (BTC) has formed a consolidation pattern in the last few days as the price has rested for the new move. Daan Crypto Trades highlighted some potential levels that may be worth considering. The price is currently range-bound at $89,500 to $91,000, with the $100,000 being a psychological level that attracts many traders.

The pivot point range of $89,500 to $91,000 also encompasses the prior range low as well as the 200-DMA. These levels are really bullish for BTC in the short term. If the price of BTC is going to remain above this level, then it should be interpreted as consolidation before a potential breakout. Currently, traders are waiting to see if the cryptocurrency will remain within this range or continue to rise.

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Source: X

Bitcoin’s Key Resistance Level

Over to the upside, Bitcoin has a local high at $99,500. This is a critical level of BTC because it is situated near the midpoint of the current trading range. Reaching this level would imply that BTC is set to reach the $100k mark. It would also have a psychological effect, as $100,000 is a significant figure; therefore, any attempt to breach this will lead to new rounds of buying.

Analysts also pointed out that at the moment, the market movement more resembles the type of move where you just wait. Currently, investors and traders are pinning their hopes on BTC’s future course of movement. The market is looking for a trigger to invest, and this may come in the form of more positive economic data or strong performance by tech stocks. These occurrences might provide the impetus to push Bitcoin out of its trading range.

The upcoming set of data on the US economy and technology company earnings is likely to cause turbulence in the market. These events can potentially influence the price of bitcoin directly, as they may affect the sentiments of investors. It is therefore essential to consider how these macroeconomic variables will impact the near-term price behavior of Bitcoin. The entry breakout may be triggered by good economic news, which could be an economic report, or positive earning seasons could act as the catalyst.

Growing Market Interest

Blockchain analytics platform IntoTheBlock also noted high activity on the Bitcoin network. The number of active BTC addresses was greater than 800,000 yesterday and increased significantly. Although this remains significantly lower compared to previous bull runs, there is a clear signal that Bitcoin is regaining interest in the market once again. This increase in on-chain engagement means there may be growing demand for BTC among investors again.

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Source: X

Bitcoin is currently providing volatile ranging on significant support and resistance levels, where traders are waiting for either a bullish breakout or more ranging. While the trend of the cryptocurrency is quite unpredictable in the long term, as it may burst through the limits or continue to be range-bound. Before key economic events, Bitcoin is expected to experience significant price fluctuations; however, the direction of these price changes remains uncertain.

Read More: Ethereum’s Crucial $2200 Level: Bullish Breakout or Bearish Reversal?

Is Bitcoin’s Current Consolidation Setting the Stage for a Big Move?

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  • Bitcoin’s consolidation at $95,900 suggests a potential breakout as it forms a triangle pattern in price action.
  • Analysts expect Bitcoin to complete its third wave, with further upward movement likely after the current consolidation.
  • Weekend low volume may slow movement, but traders should watch for potential gaps and breakouts when the market reopens.

Bitcoin reached a high of $95,900 on the intraday chart, which has had a positive impact on the market. Following this initial growth, the cryptocurrency has entered a phase of stabilization. In a recent post on X, analyst More Crypto Online stated that the current pullback appears to be a corrective one. He also noted that the price action is in a triangular pattern, indicating that a breakout may occur in the near future.

More Crypto Online classifies the present consolidation as part of a larger wave structure. He pointed out that if Bitcoin is in a C-wave, then it may be in wave 5. The analyst noted that since the market has formed a triangle on the chart, this could indicate that Bitcoin has already moved higher. This suggests that in such a situation, there could be one more wave before the market breaks.

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Source: X

Bitcoin’s Upward Momentum Continues

Still, such price fluctuations often depend on the trading sessions, which may be a limitation on weekends. Volumes are generally low over the weekend as it is the norm, unlike in the middle of the week for various reasons, making it hard to tell the direction of the market. However, there are no signs that indicate that the cryptocurrency has attained its long cycle apex in the current cycle. The vast majority of analysts expect further upward movement and claim that Bitcoin is still in the third wave.

Dann Crypto Trades also gave his opinion on the BTC trend heading into the weekend. He also pointed out that Bitcoin began the weekend at its highest level it has been in the past two months which might mean a harder test in the market. This condition makes it likely that a gap up or down will occur once the market opens after the weekend. Traders should look out for any consequent widespread breakouts which may occur as a result of these shifts.

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Source: X

Gaps Indicate Market Shifts

The lack of volatility does not exclude the presence of gaps in Bitcoin price action even if the cryptocurrency’s price tends to stabilize on the weekends. This level might be a good indication of the next significant price movement, more so given the likelihood of a break through the current established resistance levels. However, as the week ends, anxiety typically decreases, and as the market opens the next week, analysts are optimistic that there will be an increase in the bidding war.

Bitcoin’s consolidation near the $95,900 mark could be the lead-up to another significant upward move. The open triangle pattern on the chart implies that the price is likely to break out pretty soon. With global liquidity on the rise and the trend pointing upward, it is expected that Bitcoin’s next major movement may be near. This means that traders should be prepared to take action when the markets open, in the event that gaps are present.

Read More: Polkadot (DOT) Analysis: Will Wave 2 Lead to a Rally Above $11.27?

Bitcoin’s (BTC) Bullish Outlook: Is $92,540 Within Reach?

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  • Bitcoin is nearing a crucial resistance zone, signaling potential for upward movement towards $90,000.
  • A break below $86,400 could suggest Bitcoin’s rally is over, signaling a possible top for the cryptocurrency.
  • Despite volatility, RSI and MACD indicators suggest Bitcoin’s bullish trend may continue, indicating potential growth.

Bitcoin (BTC) has recently reached the target zone of wave (5), a crucial milestone for further price progress. In a recent post on X, More Crypto Online highlighted the target after a minor lower low was formed within the micro support zone. Such an adjustment may reveal changes in Bitcoin’s price fluctuations. 

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Source: X

Bitcoin’s Next Resistance

The price of Bitcoin, however, has been an area of focus due to its volatility. A break below the $86,400 levels may therefore signify that this rally is over. A price level below this would signal the first indication that BTC might have topped out. This would be a critical level for traders to observe and assess the market around the clock.

The BTC price is now close to moving from the current resistance level to the next big level of $90,000, by only 2%. Currently, the cryptocurrency could only edge up by a mere 5 %, and this could bring the price level to $92,540. This was the highest level registered on February 25. These technical levels and signals are widely eyed by traders to open ways beyond this resistance level. It will also increase optimism in the market in case of such a movement.

However, potential risks of a reversal of the existing upward trend do not pose a major threat to Bitcoin. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) signal that the stock has an upward outlook. The current RSI value is 59, indicating that the indicator is trending upward. On the same note, the MACD displays green bars, suggesting that BTC remains above the zero line. It is through these indicators that we could gauge that the bullish trend may persist.

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Source: TradingView

BTC’s Growth Potential

There is considerable debate about whether Bitcoin is in a bubble or still has room for further growth. It might be later tied to the current price movement, indicating there is potential for further price increases. Considering this, Bitcoin has all it takes to move past these levels of resistance in the near future. 

Currently, the traders and the market analysts are waiting for the next dominant price move. The price of Bitcoin is now expected to test a very important level of resistance. It has the potential to reach even higher targets in the coming days if it manages to penetrate these levels. Nevertheless, it should be understood that everything can turn on a head within a short period, and the market may decline rapidly. It remains to be seen whether further gains are on the horizon or if the peak has already been reached.

Bitcoin Targets $103K: Will the Bullish Trend Continue?

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  • Bitcoin’s rise above $93K signals a strong bullish trend, easing retracement concerns and setting new targets.
  • Breaking through $103K and $109K could propel Bitcoin to new all-time highs, with traders watching closely.
  • Institutional interest in Bitcoin grows, supporting its rise as a major asset and increasing adoption in finance.

Bitcoin continues to exhibit a positive upward move and an upside break above $93k is a strong bullish signal. This level has been of great interest in attempting to identify a potential trend kick-off for this cryptocurrency. Concerns over any retracement could be eased, where BTC continues to rise past $103,000. Price rise above $109,000 can even lead to the formation of a new record high for this digital asset.

Bitcoin’s Key Resistance Levels

The cryptocurrencyn has shown consistent growth and now the key resistance levels are on the list of requests. These levels are crucial and traders are closely observing BTC performance as the currency tests them. Egrag has provided these targets earlier and with each increase, BTC is inching closer to those targets. Traders are particularly focused on the $93,000 level since its breakthrough upwards will help to strengthen an uptrend.

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Source: X

Bitcoin has proved quite resistant during turbulence in the market and how it performs at these levels of resistance is key. Specifically, a crossing of the $93,000 mark may open the door to even higher levels. If retracement pressure is eliminated, further evaluation of the BTC price may further escalate towards $103,000 and $109,000. Traders are waiting to know if the digital currency is capable of overcoming these barriers and moving up to the next level.

Bitcoin Eyes Critical $103K Level

Additionally, there is a positive outlook for Bitcoin, particularly with the increasing involvement of institutions. It brings expectation as Bitcoin approaches these important levels. The $103,000 level holds significant importance, as breaking past it is expected to signal BTC next phase of growth. However, whether the price of BTC can sustain its bullish trend from here it will have to conquer this and following resistance territories.

Large investors are gradually flocking to adopt BTC demonstrating its efficiency for investment and a contract for the future. This means that the probability of such institutional currencies, launched at these prices, being adopted by global institutions considerably increases. This trend indicates that BTC has a growing institutional base, indicating that the cryptocurrency will continue to grow into a principal asset in the financial industry. As of press time, BTC is trading at $87,000, showing a 3.02% increase over the past day.

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Source: TradingView

The next weeks will therefore be critical for the further development of Bitcoin. Speculators are closely eyeing $93,000, $103,000, and $109,000 to establish if Bitcoin can maintain its upward trend. However, if all these key resistance levels are breached, the price of BTC may be set for new record highs. However, attention is currently focused on the price at these critical levels, depending on BTC performance.