$BTC During the current week, Bitcoin showed positive signs of resuming the uptrend, as it surpassed the $101,000 barrier after a period of consolidation. Analysts expect the price to face strong resistance at $105,000, a crucial level that must be surpassed to confirm the continuation of the uptrend. Strong support is currently present at the $98,000-$99,000 levels, limiting the downside risks in the near term
Influencing factors include institutional investment flows into Bitcoin ETFs, which are adding buying momentum, as well as whales accumulating large amounts of the coin. However, analysts warn of possible corrections if the price fails to break through important resistance levels
Technical analysis suggests that $BTC holding above the $100,000 barrier is key for the bullish movement to continue, with the possibility of targeting new levels that may reach $104,000 as a start
Trade Now $BTC Up This Week