Bitcoin Bulls Eye the $98K Zone After Holding the $90,000 Defense Line

Bitcoin traders witnessed a critical turning point last week as the bulls successfully maintained their ground at the $90,000 support level, then mounted an assault toward the $98,000 barrier. The price action has left long-side participants eyeing multiple resistance zones ahead, with the current market positioning them for a decisive push this week. At $88.50K following the latest pullback, the digital asset sits at a crucial juncture where bulls must execute their strategy carefully.

The $90,000 Defense: A Bullish Signal

After what appeared to be weakening momentum through the preceding sessions, Bitcoin bulls showed their mettle by defending the critical $90,000 floor with conviction. This level served as more than just a price floor—it represented the psychological barrier that would determine whether the uptrend could persist or collapse entirely. The successful hold at this zone allowed price action to rebound and reach the $98,000 resistance area, ultimately closing near $93,638 in the previous week’s session. This defensive structure suggests buyers remain engaged and willing to support the asset at critical levels, a prerequisite for any sustained rally.

Resistance Zones and the Path Higher

The bulls now face a series of overhead barriers that will test the strength of their conviction. The most immediate resistance sits at $98,000, which has become the focal point for traders targeting a breakout. Should price action manage to close decisively above this level, the next target zone emerges at $103,500, representing the upper boundary of current consolidation. Beyond that lies the formidable $106,000 to $109,000 zone—a heavyweight resistance area that has repeatedly rejected advances. For the most aggressive bulls, the Fibonacci extension at $116,000 dangles as an ultimate target if the buying pressure can sustain through $109,000.

Support Levels: The Fortress Strategy

For the bullish thesis to remain intact, defending specific support levels becomes non-negotiable. The bulls must keep $94,000 as their short-term holding zone in the early part of this week. Should price action fall further, the $91,400 level emerges as the critical test—losing this would signal serious trouble for the bulls. Breach of $91,400 opens the door to $87,000, and a catastrophic failure there exposes the major support at $84,000. Breaking below $84,000 would invite a test of the lower $70,000 region, a scenario that would completely invalidate the current bullish narrative.

This Week’s Trading Battleground

The setup for this week presents multiple scenarios. If bulls regain the $94,000 level early in the session, they should capitalize on this momentum and make another aggressive approach toward $98,000. A successful close above this barrier would accelerate the rally toward $103,500. However, traders must remain vigilant about a more bearish test of $91,400, which remains a possibility given the current price proximity. As long as this level holds, the bulls retain the advantage and can structure subsequent attempts on the resistance zones. The key is whether price action can sustain momentum through each successive hurdle.

Market Sentiment: Cautiously Optimistic

The overall tone has shifted slightly in favor of the bulls following last week’s defense of the $90,000 area. Buyers have demonstrated willingness to step in at key support levels, suggesting confidence remains intact. However, this optimism carries a caveat—entering the $103,500 to $109,000 resistance zone will present the ultimate test. This region contains layers of historical rejection that could abruptly reverse the rally with sharp downside pressure. The coming weeks will reveal whether this buying momentum can overcome this heavyweight resistance or if it finally capitulates to selling pressure that could target new lows below $80,000.

Managing Risk in High-Resistance Territory

Bitcoin traders positioning for the rally must adopt appropriate risk management as price approaches these formidable resistance zones. The strength of the rally from the $90,000 level is undeniable, but the path toward $103,500 and beyond requires sustained buying pressure that may prove elusive given the historical rejection at these levels. Traders should consider taking partial profits during rallies into resistance rather than holding for breakouts that may not materialize. The bulls eye target zones are clear, but execution will determine whether this rally achieves liftoff or becomes another failed attempt at establishing new highs.