The post Bitcoin Price Prediction Today: Breakout or Breakdown? appeared first on Coinpedia Fintech News
After retesting the levels below $95k, Bitcoin has now hit reverse and is trading close to the $97k level at the time of writing. Despite erasing the gains made in the past seven days, BTC bulls are now eyeing the $100k crucial level.
Weekly Chart Bullish Outlook
The weekly Bitcoin chart shows that we are still in the early stages of a major bull market, with a signal confirmed about two months ago. Historically, such signals can last for months, potentially into 2025. However, even in a long-term bull market, Bitcoin may experience short-term corrections or sideways movements.
Resistance Levels Above $100K
According to analyst Josh of Crypto World, Bitcoin is expected to face significant resistance at the $100K to $102K range. The psychological barrier of $100K will likely add pressure, with traders closely monitoring this level. If Bitcoin breaks through, the next m
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