The price of $BTC has remained stable above the key support level of $95,500, with an increase of over 5%, and has reclaimed the important resistance level of $100,000. Is this the new starting point of a bull market? Bitcoin Gains Momentum Bitcoin has established a solid foundation and started to rise above $98,000. It has broken several key resistance levels, including the $97,500 barrier on the BTC/USD hourly chart. The currency pair reached a high of $101,900 during the uptrend and then began to consolidate its gains. Currently, Bitcoin is trading above $100,000 and the 100-hour simple moving average, indicating an upward trend. Key Resistance Levels As Bitcoin rises, it may encounter resistance around $101,400. The major resistance level is at $102,000. If BTC can break through this barrier, there may be further gains, targeting: $104,000 - the next major resistance level. $105,000 - an important psychological barrier. $108,000 - a potential target if the bull market trend continues.