Bitcoin currently hovers around $96,000, facing resistance at $97,000. The short-term outlook is mixed. Some analysts predict a potential push towards $100,000, citing positive momentum and reclaiming of uptrends after a recent consolidation. Optimism surrounding potential US-China trade talks has also provided a boost.
However, a "death cross" formation (100-day MA crossing below 200-day MA) suggests weakening momentum. Key support levels to watch are around $93,000, while breaking the $97,000 resistance could pave the way for further gains. Overall market sentiment and whale activity will be crucial indicators for Bitcoin's next move.
