Bitcoin has surged above $90K following extreme selling pressure that drove its price as low as $78,100. President Trump's announcement regarding the establishment of a U.S. strategic crypto reserve injected confidence back into the market, facilitating Bitcoin’s rebound.
Despite this recovery, Bitcoin confronts resistance at key levels, $97K-100K, crucial for sustaining bullish momentum. Analysts see breaking $100K as a catalyst for renewed bullishness, while failing support could trigger further selling pressure. The market's critical phase comes amid a 12% surge in Bitcoin's value spurred by Trump's announcement, highlighting bullish sentiment's resurgence.
Investors focus on the $97K-$100K mark, potentially igniting an explosive rally if breached. The sentiment shift from bearish to bullish emphasizes Bitcoin's entrenched uptrend, with analysts closely watching developments.
