Bitcoin Under Pressure – Is the Battle for $100,000 Temporarily Lost?

Bitcoin Under Pressure – Is the Battle for $100,000 Temporarily Lost?

For months, heated debates have raged over Bitcoin’s future and the symbolic $100,000 mark. But after the recent pullback, the question arises: Is the rally over for now?

Last week, Bitcoin broke through the critical support zone at $90,000 with strong momentum, falling to the 200-day moving average and marking a low near $78,000. Now, a recovery attempt is underway, but the $90,000 level remains the key test.

From a technical perspective, the crucial level now lies at $97,000. As long as Bitcoin remains below this mark, further downward moves could follow – including a possible retest of the 200-day moving average and recent lows.

However, if Bitcoin manages to break above $97,000, the $100,000 mark could quickly come back into focus. In this scenario, new all-time highs might even be within reach.

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