Bitcoin is currently approaching a critical technical barrier at the 98,000 level—arguably the most significant resistance we've seen in recent price action. Ideally, we'd like to see BTC test and retest this zone multiple times to establish solid support underneath it. The real breakout opportunity emerges later this month when the FOMC announcement lands. If that catalyst aligns with market momentum, we could see Bitcoin punch through 98k resistance and potentially accelerate back toward the psychological 100k milestone that's been on everyone's radar. That said, if Bitcoin gets rejected at this level in the coming days, that changes the technical picture considerably. We'd need to reassess the near-term outlook and adjust accordingly. The next few days are crucial for gauging whether we have the strength to hold and eventually overcome this resistance zone.
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GasBankrupter
· 4h ago
98k, I won't believe in the technical analysis unless it breaks... Let's wait for the FOMC.
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PriceOracleFairy
· 4h ago
ngl the 98k resistance is just entropy waiting to collapse... fomc's gonna be that butterfly wing moment or we're watching a whole market structure inversion lol
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GweiWatcher
· 5h ago
The 98k level is indeed quite tough. Let's wait and see.
Bitcoin is currently approaching a critical technical barrier at the 98,000 level—arguably the most significant resistance we've seen in recent price action. Ideally, we'd like to see BTC test and retest this zone multiple times to establish solid support underneath it. The real breakout opportunity emerges later this month when the FOMC announcement lands. If that catalyst aligns with market momentum, we could see Bitcoin punch through 98k resistance and potentially accelerate back toward the psychological 100k milestone that's been on everyone's radar. That said, if Bitcoin gets rejected at this level in the coming days, that changes the technical picture considerably. We'd need to reassess the near-term outlook and adjust accordingly. The next few days are crucial for gauging whether we have the strength to hold and eventually overcome this resistance zone.