$BTC Bitcoin is approaching a major resistance level - what’s next?

$BTC is currently approaching a strong resistance zone in the range of $97,000-$98,000. If it can break through, we may soon see movement beyond $100,000.

However, if it is rejected at this level, a correction is likely, which could be a great opportunity to add to positions in both BTC and altcoins.

From a statistical point of view, BTC has been in a rising trend for four consecutive weeks. If a rejection happens here, the fifth week may bring the expected decline.

It is worth noting: there is still an unfilled CME gap at $91,400.

Can BTC continue to rise without filling this gap or correcting? Absolutely - we have seen this before.

But considering the current price dynamics, I would personally refrain from new entries until we see how the market reacts in the coming days, especially in this key price zone.

That said, the breakout has been very strong up to this point — OBV (On-Balance Volume) is significantly increasing, indicating strong buying pressure. Overall, it will be very interesting to see how $BTC behaves going forward.