Bitcoin has rebounded to $90,800 with a 13% rise from $81,000 as bulls attempt price control amid market volatility. Key resistance at $97,000 could trigger momentum toward $150,000. Traders eye Trump’s Crypto Summit for market impact. Technical analysis by Ali Martinez highlights the significance of this resistance, suspecting a possible rally.
Following volatility, Bitcoin hit $96,000 before plummeting to $78,000, inducing panic selling. The $97,000 resistance is crucial; reclaiming it could lead to a bullish trend, while failure could extend consolidation or a downtrend. Maintaining $90,000 is critical for recovery, as dropping below could result in selling pressure and risk further decline.