Key Trend Analysis: Bitcoin strongly breaks through $93,000, is the $100,000 milestone within reach?

Bitcoin has been rising steadily recently, maintaining strength after breaking through the price of $93,000, and at one point on Friday reached a high of $95,800, currently hovering around $94,200.

Market analyst Daan pointed out that the recent rise of BTC is not a coincidence. The technical indicators show that Bitcoin is strongly rebounding and continuing to rise from the key 0.382 Fibonacci retracement level. The overall trend is currently robust, laying the foundation for an assault on the psychological barrier of 100,000 dollars.

It is worth noting that the current trend of Bitcoin shows a structurally strong characteristic. The $89,000 area of the 200-day simple moving average (SMA) constitutes an important support level, and as long as the price maintains above this level, the upward trend remains solid.

In addition, the continuous inflow of institutional funds provides momentum for the market, and the increasing open interest in Bitcoin on exchanges indicates that professional investors remain optimistic about the future market. However, macro uncertainties such as Sino-U.S. trade frictions may still bring short-term volatility risks.

Looking ahead, the key test for Bitcoin is whether it can break through the resistance level of $96,000. If it successfully holds this position, the $100,000 milestone will be within reach; on the contrary, the market may pull back to the range of $89,000-$91,000 for consolidation.

Meanwhile, the options market shows that some investors have begun to bet on six-figure prices, but analysts remind that caution is needed against profit-taking pressure before confirming a breakthrough. The trend in the coming weeks will be crucial in determining whether Bitcoin can initiate a new bull market.

In summary, Bitcoin is currently in a critical breakthrough window, with dual support from the technical and funding aspects, raising expectations for it to reach $100,000.

However, macro risks still exist, and the market needs to maintain rationality amid optimism. Investors should pay attention to key resistance level confirmation signals and avoid blindly chasing highs.

#比特币行情 # 100,000 USD threshold #加密货币 # technical analysis