Bitcoin is finally showing signs of strength as it tries to push beyond the $98,000 level, indicating a potential end to months of volatility and sales pressure. For the first time in a few weeks, the Bulls appear to be in solid control, regaining momentum and building a sustained upward trend lawsuit. After long-term uncertainty, BTC is currently trading within key areas that could shape the next major movement.
Below the $90,000 support zone could threaten the current structure and confirm bearish momentum. Meanwhile, clean breakouts and daily closures above $100,000 could open the door to strong gatherings and new market trust. This will make future sessions particularly important for traders and investors.
Top analyst Big Ched recently highlighted Bitcoin’s powerful technology setup, pointing to a four-hour chart showing “beautiful strength” when BTC tests its trading range cap. This could be the beginning of the breakout phase if the Bulls can maintain pressure and inverting resistance in support.
Bitcoin triggers investor frustration as the $10,000 breakout remains elusive
Bitcoin continues to struggle below the key psychological level of $100,000, so it is once again testing investors’ patience. Despite strong price action in recent weeks, BTC has failed to regain this milestone, with the market split into: Some analysts have argued that Bull Run is far from far, and hopes that Bitcoin will break $109,000 at its previous all-time high, while others have argued that this current rally is nothing more than a bouncing backlash within the broader bear market structure.
After months of sales pressure and macro uncertainty, Bitcoin showed new strength, regaining its main support level and climbing above $97,000. The move rekindled bullish hopes, particularly as price action formed a higher low and approached the top of the multi-week range.
Cheds emphasizes Bitcoin’s “beautiful 4H strength” as it weighs in with a more optimistic take and prices continue to push the highs of the range. Cheds said the BTC shows more resilience than he originally expected.
However, the $100,000 level remains a major zone of resistance. The confirmed breakouts above could validate the full-scale continuation of the bull market. Until then, the market has stagnated, trapped between predictions and doubt. Traders are closely monitoring breakouts over $10,000 to either spark new upside momentum or see deeper corrections, falling below $92,000 to $90,000.
In short, Bitcoin’s structure is promising, but indecisiveness is dominated. Whether this is a new high set-up or not, the next move could define feelings for the coming months, whether or not there are no updated shortcomings.
Technical details: Important supply of BTC testing
Bitcoin is trading at $96,959 after bounces back strongly from nearly $94,000 in support and regains short-term momentum. The four-hour chart shows the Bulls’ clear attempt to retest the $98,000 level, a key resistance zone just below the psychological $100K barrier. Prices far exceed both the 200-period Simple Moving Average (SMA) at $88,387 and $90,723, the 200-period Exponential Moving Average (EMA), strengthening the bullish structure that has been developing since mid-April.
Recent movements have confirmed a higher low and a sustained bullish trend as BTC continues to accumulate upward pressures against highs in the range. Volume rose slightly during the latest breakout attempts, suggesting new demand to enter the market. However, as the $98K-$10,000 area has historically caused interest on sales, a critical break and a closure of over $10,000 is essential to confirm a true breakout.
If the Bulls manage to regain $100,000, Bitcoin can quickly expand to its previous all-time high of nearly $109,000. On the downside, going above the $94,000-$95,000 zone is important to maintaining bullish momentum. For now, Bitcoin appears to be setting the stage for a breakout, but traders need to watch carefully as prices are compressed just under resistance. The next move will likely set the tone for a broader market.
Dall-E special images, TradingView chart
