Crypto Technical Analysis

Based on the technical indicators and market sentiment, here are potential scenarios for Bitcoin’s price over the next five days:

Bitcoin remains in a “bull cycle” despite a month of sideways of price action and a lack of
strength to reclaim $100,000 psychological level.

Bitcoin (BTC) hit an all-time high above $100,000 earlier this week, a long-awaited milestone for crypto history.

Bitcoin is holding firm at $94K support, which indicates that, the bulls remain on track to push the price above the psychologically level of $100k.

The cryptocurrency market is still well in the green as of today and the surge isn’t confined to Bitcoin alone as some altcoins have witnessed substantial gains

Since it has already broken past multiple resistance levels, including $90K, significant volatility can be expected when the price reaches $100K

Bitcoin price seems to be on the verge of creating a new all-time high, as only one significant resistance zone is standing in its way.

Amid the bullish sentiment around the crypto landscape, Altcoin market cap has displayed strength.

Bitcoin price has recently found a stable range around the critical resistance level of $45K, indicating a bullish sentiment among market participants.

The cryptocurrency market is well in the green throughout the past 48 hours, with
BTC price pushing above $35K.