Current Market Snapshot
Bitcoin has recently surged above $97,000, marking a multi-month high. The bullish sentiment is fueled by MicroStrategy’s (now “Strategy”) announcement to sell up to $21 billion worth of shares to buy more Bitcoin.
This move, combined with increasing institutional support, has reignited optimism for a $100K breakout.
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Technical Analysis Summary
Resistance levels: $100,000 and $107,000
Support levels: $92,000 and $85,000
Chart pattern: Bullish breakout from a downward channel & pennant
Momentum: Strong buying pressure confirmed with high volume
Chart indicators like RSI and MACD are also leaning bullish, suggesting a potential move above $100K in the short term.
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Regulatory & Macro Factors
Former U.S. President Donald Trump has issued an executive order creating a “Strategic Bitcoin Reserve,” recognizing Bitcoin as a national strategic asset — a bold regulatory development influencing long-term sentiment.
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What Analysts Predict
Some analysts predict Bitcoin may reach $125K–$150K by September 2025, provided macroeconomic stability and ETF demand continue to support the uptrend.
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Conclusion
Bitcoin is at a critical resistance zone. A clean breakout above $100K could open doors to rapid price discovery. However, traders are advised to monitor key levels and news developments closely.
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