bullish

Bitcoin

Resistance

<p>After retesting the levels below $95k, Bitcoin has now hit reverse and is trading close to the $97k level at the time of writing. Despite erasing the gains made in the past seven days, <a href="https://coinpedia.org/news/will-bitcoin-hit-100k-the-significance-of-november-28-unveiled/" target="_blank" rel="noreferrer noopener">BTC bulls are now eyeing the $100k crucial level</a>.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-weekly-chart-bullish-outlook"><strong>Weekly Chart Bullish Outlook</strong></h2>   
<p>The weekly Bitcoin chart shows that we are still in the early stages of a major bull market, with a signal confirmed about two months ago. Historically, such signals can last for months, potentially into 2025. However, even in a long-term bull market, Bitcoin may experience short-term corrections or sideways movements.</p>   
<h3 class="wp-block-heading" id="h-resistance-levels-above-100k"><strong>Resistance Levels Above $100K</strong></h3>   
<p>According to analyst Josh of <a href="https://www.youtube.com/@CryptoWorldJosh/videos" target="_blank" rel="noreferrer noopener nofollow">Crypto World</a>, Bitcoin is expected to face significant resistance at the $100K to $102K range. The psychological barrier of $100K will likely add pressure, with traders closely monitoring this level. If Bitcoin breaks through, the next major resistance level could be around $113,000.</p>   
<h3 class="wp-block-heading" id="h-short-term-pullback-and-support-levels"><strong>Short-Term Pullback and Support Levels</strong></h3>   
<p>In the short term, Bitcoin is facing resistance around $94,000 to $95,000, with $89,000 being a key support level if a pullback occurs. If Bitcoin breaks through this, further support exists around $87,000, and failure to hold this level could lead to a drop towards $79,000.</p>   
<h3 class="wp-block-heading" id="h-comparison-to-2020-price-action"><strong>Comparison to 2020 Price Action</strong></h3>   
<p>Bitcoin’s current price movement mirrors its behavior in late 2020. Back then, the market entered a bullish phase, but temporary pullbacks and sideways consolidation were observed. Currently, Bitcoin is in a similar phase, suggesting that while we may see some choppy movements or slight corrections, the long-term bullish trend remains intact.</p>   [post_titles_links postid="75387"]   
<h3 class="wp-block-heading" id="h-liquidity-heat-map-and-potential-moves"><strong>Liquidity Heat Map and Potential Moves</strong></h3>   
<p>A Bitcoin liquidation heat map reveals a major liquidity zone of around $100,000. If Bitcoin breaks this level, it could trigger a sharp upward move. However, there is also some liquidity to the downside between $90,000 and $95,000, which could act as support if the price dips.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732863558152">
  <strong class="schema-faq-question">Will Bitcoin reach $100K soon?</strong> 
  <p class="schema-faq-answer">Bitcoin's bullish outlook suggests a potential rise toward $100K, though short-term corrections or pullbacks are possible before it breaks this level.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732863564302">
  <strong class="schema-faq-question">What happens if Bitcoin breaks $100K?</strong> 
  <p class="schema-faq-answer">If Bitcoin breaks $100K, it could trigger a sharp rise, with the next resistance around $113K, according to market analysts.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732863640046">
  <strong class="schema-faq-question"><strong><strong>How much is Bitcoin today?</strong></strong></strong> 
  <p class="schema-faq-answer">At the time of writing, 1 Bitcoin value was $96,220.82</p> 
 </div> 
</div>

Bitcoin Price Prediction Today: Breakout or Breakdown?

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