Bitcoin Weekly Analysis: Momentum Builds Toward $98,000 Amid Neutral Mood
Bitcoin Magazine
Bitcoin closed above $91,400, building momentum toward the $94,000 resistance, with $98,000 as a potential target this week.Summary
After trading sideways, Bitcoin's price rose slightly, closing the week at $91,489, just above the $91,400 short-term resistance. Bulls aim to break the $94,000 resistance, with $98,000 being a key target this week, though significant resistance lies between $98,000 and $103,500, with $109,000 being a tough ceiling. Key support levels to watch are $87,000, followed by $84,000, and a major zone between $72,000 and $68,000 if lower support fails. The market mood has shifted to neutral as bearish sentiment has softened. Long-term bias remains bearish, suggesting any bullish move might face rejection and test lower supports unless Bitcoin sustains weekly closes above $100,000.
(Source：Bitcoin Magazine)