Bitcoin has hit a new high of $97,000, continuing its strong bullish momentum. Bitcoin is currently trading below $97,000. The price recently broke above $96,000 and is showing bullish signs on the daily and weekly charts. Some price pullbacks are still expected, but the overall trend remains bullish.
Analysts are now closely watching the next big price spike as this rally could propel the entire crypto market higher. Bitcoin is showing strong bullish indicators in Q2 2025. It recently crossed above the 200-day moving average and is building strong support.
Additional support levels at $95,797 and $96,441 are also being watched as part of a broader bullish structure. According to one analyst, a sustained decline below $95,280 could signal the early stages of a larger correction, but Bitcoin remains firmly above that level for now.
If buying pressure continues, short-term upside targets include $97,325, $98,745, and the psychological $100,000. These levels represent potential resistance areas based on recent price momentum.
The larger trend remains constructive, with buyers aiming to resume the uptrend towards the $115,000–$120,000 range by the end of this cycle—provided current support zones hold.
Market Outlook: Will There Be Further Growth?
Bitcoin’s strong rally could push other cryptocurrencies like Ethereum, XRP, and Solana higher. This pattern, seen in previous bull markets, typically starts with Bitcoin leading the way, followed by altcoins picking up steam as investor money spreads across the market.
While a pullback is expected — as prices never rise in a straight line — many experts believe the market is gearing up for another major rally. The key support level to watch is $95,280. As long as Bitcoin remains above this level, there is still room for further upside.