Bitcoin (BTC) has finally flipped the $70,000 resistance into a support zone, and most market participants anticipate that the momentum will likely target $100,000.
Amid this anticipation, a cryptocurrency analyst has shared insights on what Bitcoin’s technical setup means for the possibility of claiming the $100,000 spot.
While Bitcoin clinching the $70,000 spot is a highly bullish move, it needs confirmation to establish a stable uptrend likely to push the price to $100,000, according to an Alan Santana analysis published on TradingView on October 29.
Bitcoin price analysis chart. Source: TradingView/Alan Santana
Santana highlighted the importance of Bitcoin holding above this level through the end of the week to validate a “higher high,” something the market hasn’t seen in the last three months.
Bitcoin key price levels to watch
Without sustained momentum above $70,000, the expert cautioned that the current move could be a “bull trap. As stronger confi
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