Technical analysis suggests that the leading digital asset could soon test levels close to the psychologically important $100,000 mark. The most important Bitcoin (BTC) resistance level currently sits at $99,500, and it held firm in the weeks preceding the tariff selloff.
Despite having crashed below $80,000 in the aftermath of the tariff exchange, BTC prices recovered rather quickly. At press time, the leading cryptocurrency was changing hands at a price of $84,750, having rallied by 10.37% in the past seven days.
BTC price 1-week chart. Source: Finbold
As of the time of writing, Bitcoin is still down 9.38% since the year began. However, a surge to $99,500 would see it back in the green on a year-to-date (YTD) basis. Here’s why that is a distinct possibility.
Bullish divergence suggests Bitcoin resistance will soon be retested
Noted cryptocurrency technical analyst TradingShot outlined several arguments as to why a surge in BTC price could ensue in the immediate term in
We współpracy z: https://finbold.com/why-bitcoin-will-retest-resistance-at-99500/
