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#btc #eth #trx #meme **Bitcoin ($BTC) Faces Key Resistance at $97,500-$99,800: Breakout Could Signal New ATH**
Bitcoin ($BTC) recently surged past $107K before dipping back below this milestone. Despite the retracement, the leading cryptocurrency shows promising potential for a recovery. The price now confronts a crucial resistance zone at $97,500-$99,800, with a breakout above this range possibly paving the way to new all-time highs (ATHs). Analysts suggest this could be the tipping point for Bitcoin to reach unprecedented heights.
### **Bitcoin Faces Resistance at $97,500-$99,800**
Bitcoin is currently trading at $97,652.90, reflecting a 0.46% increase over the past 24 hours. However, it has seen a 4.03% drop over the last week and a 0.15% decline over the past 30 days. Its market capitalization and 24-hour trading volume stand at $1.93 trillion and $95.9 billion, respectively.
The $97,500-$99,800 range poses a significant barrier for Bitcoin, with nearly 924,000 wallets previously purchasing over 1.19 million $BTC tokens within this zone. Overcoming this resistance level could trigger an upward momentum, potentially leading to fresh ATHs for the cryptocurrency.
### **Breaking Resistance Could Propel Bitcoin Higher**
A breakout above the $97,500-$99,800 "brick wall" could reignite Bitcoin’s upward trajectory. Analysts predict that such a move might initiate a new rally, with Bitcoin eyeing its next price milestones.
Bitcoin’s performance remains under close watch as investors and traders anticipate the next move, especially during this festive season. Stay tuned for further updates on Bitcoin's price action.
#CryptoMarketUpdate
#BitcoinATH