#BTCBreaks99K

While Bitcoin (BTC) attempts to break through its weekly range, its price is approaching the crucial resistance of $99,000-$100,000, fueling optimism among investors. Several analysts predict that the next all-time high (ATH) for the flagship cryptocurrency is just around the corner, with some suggesting that the initial jump could occur in the coming days.

Will Bitcoin reach $100,000 this weekend?

In the past two weeks, Bitcoin has recovered from its correction below $80,000, surpassing the $90,000 mark and reclaiming the resistance of $93,5000 to re-enter its post-U.S. election price range.

Amid its recovery, the cryptocurrency has consolidated between $93,000 and $96,000, moving sideways over the past few weeks. The momentum from earlier this month has caused BTC to break this range after the compression during this period, similar to its performance two weeks ago.

Analyst Daan Crypto Trades explained that BTC surged to the $83,000-$86,000 zone during the mid-April recovery, consolidating for more than a week before a small 2% breakout towards the resistance of $87,500. This was followed by strong volatility over two days and a breakout to a new upper range.