Bitcoin surged past the $97,000 mark on Wednesday, climbing to a high of $97,546 before pulling back slightly, as traders continue to test key resistance levels.
The move came after days of tight price action between $93,000 and $96,000, with total market capitalization reaching $1.90 trillion and 24-hour trading volume hitting $29.88 billion The rally builds on momentum that began in mid-April, when Bitcoin Bitcoin
3.15%
Bitcoin decisively broke out of a long-standing consolidation phase near $74,400. Technical indicators suggest continued upward pressure, with major support now established in the $88,000–$90,000 zone.
A dip toward $92,000 could offer a new entry point for long positions if supported by renewed volume, while a fall below $88,000 may signal broader correction risks.
