$BTC is showing renewed strength as it climbs to 96,970, up over 3.4% in the last 24 hours. After finding support near 92,910, BTC has rebounded sharply, breaking through both the 25-period and 99-period moving averages on the 4H chart.
Currently, it's hovering just below 97,732, the 24-hour high, which also lines up with a significant resistance zone. A clean breakout above this level with sustained volume could push BTC toward the psychological barrier at 98,500–100,000.
However, there’s a cautionary note — the price is nearing overbought conditions, and the previous high of 97,895 remains unbroken. If $BTC faces rejection here, we might see a short-term pullback toward the 94,600–95,300 region, where the 25MA and prior structure provide potential support.
All eyes are now on whether $BTC can flip this resistance into support and continue its bullish momentum — or if we’ll see another rejection and consolidation phase.
What’s your take?
Breakout or fakeout?
Drop your predictions below.
