Price is rising to new heights
Bitcoin continues to strengthen its position, trading above $91,000. The current consolidated dynamics suggest the possibility of further growth, provided key resistance levels are overcome.
Current market situation
BTC has formed a stable base above $90,000 and is aiming for a new rally. Positive signals are observed on the chart:
Current price: $91,000+, above the 100-hour moving average.
Support: Key bullish trend line at $90,800.
Resistance: First at $92,600, then $93,200 and $94,000.
In case of overcoming the $94,000 zone, analysts expect further growth that may reach $98,000 and even $100,000 in the near future.
Possible rollback scenario
If Bitcoin does not overcome $94,000, a downward movement is possible:
First support at $91,700.
More significant levels are at $90,700 and $89,500.
Deepening correction may lead to $87,500.
Conclusion
The cryptocurrency market shows a bullish sentiment, but for sustainable growth, Bitcoin must overcome current resistances. Investors are closely watching the $94,000 zone, which could be the starting point for a new growth cycle. However, pullbacks are possible, so risk management strategies remain an important tool for market participants.
