$BTC $BTC The return of Bitcoin is a hot topic, as the cryptocurrency has risen to $97,000, confirming upward trends. Analysts are watching key resistance levels before the $100,000 mark. Let's break down the discussion¹:
- *Key Resistance Levels:*
- *Short-term Targets:* $97,325, $98,745, and $100,000
- *Future Outlook:* $115,000-$120,000 region towards the end of the year
- *Market Confidence:*
- Bitcoin's rise is driving broader optimism in the cryptocurrency market
- Strong support is forming below the 200-day moving average, boosting confidence in further upward price movement
- *Analysts' Expectations:*
- *Bullish Scenario:* Rise towards $150,000-$175,000, compared to the breakouts in 2017 and 2021