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Bitcoin (BTC) has hit a milestone of $100,000, marking a 4.49% gain in the last session, as the bulls drive the market to uncharted territory. This psychological barrier was breached after sustained momentum from a low of $94,587, with increasing trading volumes of 48,803 BTC signaling robust market participation. The sharp upward trend on the 15-minute chart shows the bulls’ dominance, pushing Bitcoin to its highest level ever. Immediate resistance lies at $100,270, and a breakout here could set the stage for BTC to test $102,000 and beyond.
On the downside, critical support rests at $98,286, where buyers are likely to step in to defend the newfound bullish structure. If this level fails, a deeper correction to $96,300 could be possible. The RSI indicates overbought conditions, suggesting a potential cooling-off period. However, with Bitcoin crossing into six figures, renewed optimism is likely to attract more buyers, keeping the uptrend intact. This is a pivotal moment for BTC, with the crypto market buzzing about its next move.