Haciyev Reşit 
Bitcoin has recently maintained strong bullish momentum, attracting significant attention from crypto investors and market analysts. As it approaches the critical resistance zone between $97,000 and $98,400, Bitcoin is at a key point that will determine the direction of the short-term trend—depending on whether it can break above the $100,000 level in the coming days. Analysts note that this resistance area often marks zones where prices slow down, experience brief pullbacks, or undergo critical testing before choosing a direction.
Bullish Trend on the Daily Chart
Bitcoin continues to maintain a steady uptrend on the daily chart. The recovery that began from November’s lows has brought the price into a crucial area that will determine the direction of the short-term trend. Analysts emphasize that the $97,000–$98,400 zone is not only a technical resistance level but also an area where selling decisions intensify and prices tend to pause or retrace briefly. A successful break above this range would be seen as a strong signal that Bitcoin can preserve its momentum and continue its upward move. This resistance zone is also critical in terms of trading volume and buying–selling pressure.
Bitcoin is currently trading between $96,000 and $98,000, and analysts are closely monitoring this region to assess market momentum and potential breakout levels. In a positive scenario, Bitcoin is expected to move above $100,000 and continue its rally. A clear break above $102,000, in particular, could be interpreted by investors as a stronger rally signal and help clarify the short-term trend.
On the downside, the $93,900–$96,600 range stands out as a strong support zone. As long as Bitcoin remains above these levels, the current uptrend remains intact. Short-term pullbacks are viewed not as signs of weakness, but as healthy pauses and consolidation phases. This provides investors with important clues about the sustainability of the trend.
Why the Trend Still Looks Positive
In the near term, the trend is expected to remain upward. As long as Bitcoin does not fall below key support levels, a sharp decline scenario is not anticipated. The psychologically significant $100,000 level represents a major milestone for investors. The coming days will be decisive in determining whether Bitcoin can break above this critical threshold and continue its rally, or take a brief pause before choosing its next direction.
“Bitcoin is at a critical point near the $100,000 level. Short-term momentum is strong, but investors should closely watch the market’s next move.”
— Analyst Comment
Assessment
Bitcoin’s current price action presents both opportunities and key levels to watch for short-term investors. The $97,000–$98,400 resistance zone is a critical area that will determine whether the uptrend can be sustained. Support levels are concentrated between $93,900 and $96,600 and play an important role in maintaining trend stability. The coming days will reveal whether Bitcoin can break above the psychological $100,000 mark and initiate a new rally.
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