Key Bitcoin levels to watch as BTC eyes return above $100,000
Summary: ⚈ Bitcoin is trading near $96,739 and aiming to break $100,000 soon. ⚈ Key levels to watch are $94,657 (support) and $97,828 (resistance). ⚈ High RSI suggests BTC may face short-term downside before another rally. After threatening to end the bull cycle before coming close to the previously forecasted cycle tops near $200,000, Bitcoin (BTC) broke out in mid-April and is once again promising to reclaim the psychologically important $100,000 level. Specifically, after falling to 2025 lows near $75,000 on April 7 and April 8, as Liberation Day tariffs pushed stock and cryptocurrencies lower, and bond yields and gold higher, BTC set an upward course and achieved a multi-month high above $97,000 on May 1. The subsequent correction, as relatively mild as it has been, demonstrated that Bitcoin’s journey will not be smooth. Indeed, the world’s premier cryptocurrency has entered a seemingly stable zone between $96,000 and $97,000 in the last 24 ho...
