The crypto pro Rekt Capital indicates through technical analysis that BTC shows initial bullish signs leading towards a $101K target. A possible change in trend for Bitcoin could establish a breakthrough moment even though it keeps fighting financial issues.
Bitcoin has survived financial turmoil since early February based on many global market demands. The cryptocurrency market reacted strongly to Federal Reserve hawkish statements, Trump trade tariffs, Biden stock market losses, and China’s DeepSeek AI launch. The market forces pushing against Bitcoin have not stopped it from trading between $93,000 and $98,000.
Bitcoin Struggles to Break Resistance
Bitcoin repeatedly accompany failure to break above $97,700 by shifting to its $93,000 support range. The market analyst Rekt Capital found an encouraging market trend through Bitcoin’s RSI moving higher while the price failed to break past resistance. The signal usually appears before future market direction adjustments.
Different market experts expect this asset to keep rising but others stay protective. Merlijn The Trader explained that BTC’s price movement stays unclear when it crosses its 100-day exponential moving average at $93,500. CryptoBullet mentioned that BTC has to reach its November CME gap before continuing its upward trend.
Historically, closing below this level often means a drop to the 200EMA—currently at $86k. But until the daily 100EMA breaks, there’s no need for panic. Stay sharp, the market is at a pivotal point!
Bitcoin will likely return to $76,000 through double top breakdown to close its open price gap before continuing its upward trend. Trading halts during weekends on the Bitcoin exchange leads to price gaps which traders expect to fill through market movements on other platforms.
Traders and investors follow these price differences between markets because psychological market forces and trading liquidity drive returns to those points. Although market conditions remain unstable top executives in the industry continue to predict Bitcoin’s enduring success.
Bitwise executives see BTC’s potential develop into something special despite world economic changes. Throughout my writing time Bitcoin holds steady at $96,168. Since the previous day its value increased by 1.3%. BTC investors expect stronger buy signals to appear in the market.
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