Bitcoin Eyes $100,000 Resistance as Weekend Rally Anticipated

Bitcoin (BTC) is approaching a key resistance level between $99,000 and $100,000. Analysts predict that a breakout could occur soon, potentially leading to a new all-time high (ATH).

Current Price Movement

Bitcoin recovered from below $80,000 and surpassed the $90,000 mark.
It consolidated between $93,000 and $96,000 recently.
A notable jump occurred, pushing BTC to around $97,700.
Potential for an 8% rally towards the $99,000-$100,000 range by the end of the weekend.

Similar Historical Patterns

Analyst Rekt Capital suggests BTC may repeat its Q4 2024 performance.
Historically, BTC faced rejection at lower highs before breaking out to new ATHs.
Key levels to watch include maintaining support at $93,500 after any rejection at $99,000.
For a successful rally, BTC must hold the $97,000-$99,000 range as support.

Currently, Bitcoin trades at $97,461, reflecting a 3% increase over the past week.