#StablecoinPayments Bitcoin BTC rose to over $97,200 on Wednesday, reaching a high of $97,546 before stabilizing slightly. This rise comes in the context of the markets testing key resistance areas, after days of narrow fluctuations between $93,000 and $96,000.
Technical indicators show that Bitcoin has decisively emerged from the long consolidation phase it had been hovering around $74,400 since mid-April, paving the way for an upward trajectory supported by increasing buying momentum.
It is expected that the $88,000 - $90,000 area will form a pivotal support point in case of a correction, while a pullback towards $92,000 may present an opportunity to engage in long buy positions, especially if accompanied by an increase in trading volume.
