Bitcoin (BTC) has shown significant bullish momentum, breaking above key resistance around $97,000. This breakout on May 8th attracted increased trading volume, signaling renewed interest. Technical indicators confirm the strength, suggesting potential for further gains towards $100,000 and possibly new yearly highs.
However, some analysts note a short-term consolidation phase might occur before a decisive move. Watch for sustained price action above the breakout zone as a confirmation of the bullish trend. Keep an eye on related altcoins for potential positive spillover effects.
