Bitcoin Bulls Eye a Recovery Toward $100,000 Key Level

Bitcoin Buying Strength Hints at a Strong Recovery

Bitcoin bulls eye a recovery toward the $100,000 key level. Bitcoin buyers are attempting to reclaim strength, despite sellers posing a threat in the market. Since mid-March, the bulls have been building momentum from the $77,960 key zone. However, selling pressure has hindered their progress. A breakthrough above $90,000 would signal a major bullish comeback, with $100,000 being the next psychological target.

BTCUSD Key Levels

Support Levels: $85,000, $77,960
Resistance Levels: $90,000, $100,000

Bitcoin buyers have been struggling to gain control, with sellers counteracting every bullish attempt. Despite the ongoing battle for recovery, bulls need more investors to push the price higher.

The Momentum indicator remains weak, suggesting that a stronger breakout is needed for an upward push.The RSI (Relative Strength Index) shows buyers struggling to gain control, confirming a lack of immediate bullish dominance

A successful break beyond $90,000 would confirm a bullish resurgence, while failure to hold above $85,000 could allow sellers to regain control. If Bitcoin crosses $90,000, a stronger uptrend could emerge, targeting $100,000.

Market Expectation

On the 4-hour chart, Bitcoin has shown a major dip, but buyers remain hopeful of further expansion. The Momentum indicator is yet to spike strongly, suggesting uncertainty in buying power. The RSI still struggles to push higher, indicating weak bullish hands in the market. A decisive move above $90,000 could lead to a stronger bullish continuation, but sellers remain active near resistance zones.

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