Bitcoin (BTC) Price Prediction: Will BTC Break Above $100,000?

Bitcoin (BTC) is finally showing signs of strength as it attempts to push above the $98,000 level, a move that could signal an end to months of volatility and selling pressure. For the first time in weeks, bulls appear firmly in another to build a case for a sustained uptrend.

After a prolonged period of uncertainty, BTC is now trading within a pivotal range that could shape its next major move. A drop below the $90,000 support zone would threaten the current structure and potentially confirm bearish momentum.

On the other hand, a clean breakout and daily close above $100,000 would likely open the door to a powerful rally and renewed market confidence. This makes the coming sessions especially critical for traders and investors alike.

Top analyst Big Cheds has also recognized Bitcoin’s strong technical setup, highlighting the 4-hour chart where BTC is showing “beautiful strength” as it tests the upper bounds of its trading range. This could be the beginning of a breakout phase if bulls can maintain pressure and flip resistance into support.

Bitcoin Triggers Investor Frustration As $100K Breakout Remains Elusive

Bitcoin is testing the patience of investors once again as it continues to struggle below the key psychological level of $100,000. Despite displaying strong price action in recent weeks, notably reclaiming support at $94,000 and attempting to break through the $98,000 resistance band, Bitcoin has yet to manage to claim this milestone.

This persistent struggle to break above $100,000 is leaving the market divided. While some analysts, such as Robert Kiyosaki, maintain that the bull run is far from over and expect Bitcoin to continue rallying to flip its previous all-time high at $109K, others, like Charles Payne, are becoming increasingly bearish, viewing this current rally as nothing more than a relief bounce within a broader bear market structure.

Following months of heavy selling pressure and macro uncertainty that saw Bitcoin drop as low as $8,000, the flagship cryptocurrency has shown renewed strength, managing to bounce back above the $97K level and claim back key support zones.

This move has led to renewed bullish hopes, especially as the price action forms higher lows and approaches the top of a multi-week range, setting the stage for a potential breakout attempt.

Cheds has weighed in with a more optimistic take, highlighting Bitcoin’s “beautiful 4H strength” and resilience as the price continues to press against range highs. Cheds noted that BTC is showing more resilience than he initially expected, a sign that bulls still have control, at least for now.

However, the $98K–$100K level remains a major resistance zone that has triggered selling interest on several occasions. A confirmed breakout and daily candle close above it would be needed to fully negate the bearish structure and validate a full-scale continuation of the bull market.

Until then, the market remains at a standstill, caught between anticipation for a breakout that could propel Bitcoin toward new highs and fear of a breakdown that would threaten further downside toward the $92K–$90K support levels. Traders will be watching closely for either a decisive move above $100K to trigger new upside momentum or a break below $92K–$90K to confirm a deeper correction.

In short, Bitcoin’s structure is promising, but indecision dominates. Whether this is a setup for new highs or the calm before renewed downside remains to be seen, but the next move will likely decide the sentiment for the months ahead.

Technical Details: BTC Testing Critical Supply

Bitcoin is trading at $96,959 after bouncing strongly from support near $94,000 and reclaiming short-term momentum. The 4-hour chart shows a clear attempt by bulls to retest the $98,000 level, a key resistance zone just below the psychological $100K barrier.

Price is trending well above both the 200-period simple moving average (SMA) at $88,387 and the 200-period exponential moving average (EMA) at $90,723, reinforcing the bullish structure that has been developing since mid-April. The recent move confirms higher lows and a sustained bullish trend, as BTC continues to build upward pressure against range highs.

Volume has picked up slightly during the latest breakout attempt, suggesting fresh demand entering the market. However, the $98K–$100K area has historically triggered selling interest, so a decisive break and close above $100K will be essential to confirm a true breakout.

If bulls manage to reclaim $100K, Bitcoin could quickly extend toward its previous all-time high near $109K.