#BTCRebound Bitcoin's rebound is a hot topic, with the cryptocurrency surging to $97,000 and validating bullish trends. Analysts are eyeing major resistance levels ahead of the $100,000 mark. Let's break down the discussion¹:

- *Key Resistance Levels:*

- *Short-term targets:* $97,325, $98,745, and $100,000

- *Future prospects:* $115,000-$120,000 area towards the end of the year

- *Market Confidence:*

- Bitcoin's rally is driving broader optimism across the crypto market

- Strong support is forming beneath the 200-day moving average, reinforcing confidence in further upward price movement

- *Analyst Predictions:*

- *Bullish scenario:* A rally towards $150,000-$175,000, comparable to breakouts in 2017 and 2021

- *Base case:* Bitcoin stabilizing between $90,000 and $110,000

- *Pessimistic case:* A potential drop to $70,000-$85,000

Some analysts also point to Bitcoin's on-chain strength indicators, such as the momentum ratio near 0.8, as a critical threshold that could determine whether BTC pushes higher or consolidates.

Given the current market trends, it's essential to stay informed about Bitcoin's price movements and analyst predictions. As of today, Bitcoin's price is around $96,827.99, with a 0.67% increase.²