Bitcoin Price Surges Above $96,500, Aiming for $100,000 Resistance
Bitcoin Price Update
- Bitcoin surpassed the $96,500 resistance and is trading above this level.
- The price broke a bearish trend line at $97,200 on the BTC/USD hourly chart.
- A rise above $98,800 could trigger further gains towards $100,000.
- Current trading levels show Bitcoin consolidating above $97,500 and the 100 hourly Simple Moving Average.
- Immediate resistance is at $98,250, with key resistance levels at $98,500 and $98,800.
- If resistance at $98,250 holds, potential downside support levels are $97,700, $97,000, and $96,400.
- Main support is at $94,200.
Technical indicators show bullish momentum with MACD gaining strength and RSI above 50.