Bitcoin Price Today: BTC Price Reclaims Strength at $87K, but Bulls Must Overcome the $100K Block
Bitcoin reclaimed strength near $87K, but analysts warn that weekend momentum may fade against significant selling pressure near $100K resistance.Summary
Bitcoin has stabilized above key demand zones, currently trading around $87K, attracting renewed buyer interest toward the $90K–$100K range. However, market commentators like Ted (@TedPillows) caution that weekend rallies often lack the institutional volume needed for sustained moves, referencing previous failures to break the $100K psychological barrier.
Significant sell orders are reportedly emerging between $88,000 and $91,000, coinciding with Bitcoin trading above a CME gap, which some traders view negatively. Technical analysis from SMC-Trading-Point suggests short-term bullish structure, noting BTC respected the $85,300–$86,000 Fair Value Gap and remains above the EMA 50, targeting $90,000–$90,100.
The critical juncture remains the $88K–$91K resistance zone. Breaking this level could pave the way toward $100K, but failure might trigger a retracement, even as broader market indicators like ETF inflows suggest the overall uptrend remains intact.
(Source：Brave New Coin)