Bitcoin Price Outlook: Bulls Eye $98,000 Breakout After Holding $90,000 Zone
Bitcoin Magazine
Bitcoin bulls are targeting a $98,000 resistance breakout after successfully defending the $90,000 zone last week.Summary
Following a close at $93,638, Bitcoin bulls successfully maintained bullish structure around the $90,000 level and pushed toward $98,000 resistance. This week, bulls aim to reclaim $94,000 support to retest $98,000, with a sustained close above potentially leading to the next resistance zone between $106,000 and $109,000. Crucially, bulls must defend the $91,400 support level; failure to hold this could see bears push the price down to $87,000 and potentially test the major $84,000 support. The overall market mood is slightly bullish due to the recent defense of the $90,000 area.
(Source：Bitcoin Magazine)