Bitcoin's price has embarked on a recovery wave, surpassing key resistance zones above $96,500. Currently trading above $97,000, the strong recovery positions BTC to aim for the $98,800 resistance zone and potentially higher. A bullish trend line near $97,600 is providing support, suggesting possible further price increases.
The price formed a base above $94,500 and successfully breached resistance levels at $95,000 and $96,400. Currently, Bitcoin is consolidating gains above $97,200 and eyeing a significant uptrend if it surpasses major resistance at $98,800 and $99,500.
While further momentum could test the $100,000 resistance, failure to push past $98,800 might lead to a fresh decline with key support levels at $97,500 and $96,500.