Bitcoin (BTC) Price Prediction: BTC Nears $100,000, Will It Break Out or See a Correction?

Cryptocurrency markets are trading higher, with Bitcoin hovering around $100,000 and Jim Cramer suggesting it is “a winner.”

Crypto markets are showing signs of recovery, with Bitcoin (CRYPTO: BTC) nearing the $100,000 level once again.

Here's a closer look at the markets on Monday evening.

Top MoverCryptocurrencyPriceChange24 HourHigh24 HourLowBitcoin (CRYPTO: BTC)99,800.000.87%101,000.0098,000.00Dogecoin (CRYPTO: DOGE)0.0002305.06%0.0002390.000227

Rising MarketsThe majority of the top 10 cryptocurrencies are trading higher over the past 24 hours. Bitcoin is up 0.87%, while Ethereum (CRYPTO: ETH) is trading 0.28% higher. Binance Coin (CRYPTO: BNB) is up 1.04%, while XRP (CRYPTO: XRP) is trading 0.63% higher. Solana (CRYPTO: SOL) is up 0.88%, while Cardano (CRYPTO: ADA) is trading 0.07% higher.

Top GainersCryptocurrencyPriceChange24 HourHigh24 HourLowAmp (CRYPTO: AMP)0.00082210.27%0.0008390.000799Helium (CRYPTO: HNT)6.2010.17%6.305.90Theta Fuel (CRYPTO: TFTA)0.0009209.87%0.0009390.000897

Markets ImpactBitcoin trading closer to the $100,000 level has sparked mixed sentiments among traders.

Altcoin Sherpa quipped "See you guys at $60,000" when Bitcoin failed to break through the psychological barrier.

See you guys at $60,000.

Relative strength index (RSI) on the 15-minute chart showed the cryptocurrency was overbought. A breakout from the resistance at $99,000 could lead to the next resistance around $99,500.

Crypto trader Seth highlighted a "thick and sticky sell wall" as the obstacle.

The menace right now!

This is a thick and sticky sell wall. ?

$BTC #Bitcoin https://t.co/w25TFe6gev pic.twitter.com/13uVxevS9T

Dogecoin founder Billy Markus quipped, "maybe bitcoin will just become a $99,000 stablecoin."

maybe bitcoin will just become a $99,000 stablecoin

Quinten Francois remained optimistic, stating the Bitcoin bull market has "just started."

The bull market just started ?? pic.twitter.com/QYfxyaKAeJ

Daan Crypto Trades explained that traders are shifting from altcoins to Bitcoin preemptively as it edges closer to the $100,000 milestone.

He predicts a breakout, followed by consolidation, which could lead to altcoin rebounds. Until then, Bitcoin is expected to continue absorbing liquidity.