Bitcoin Bound: Bulls Target $96K but Face Resistance

Bitcoin Bulls Eye $96K Amid $84K Resistance
Recent CryptoQuant analysis shows Bitcoin is testing the critical $84K resistance level—a former support that now challenges the bullish trend. Bulls are regaining control after a steep pullback in April, yet whether they can push BTC past $84K remains uncertain.

Decoding the Resistance Dynamics
As market conditions evolve, what once helped sustain the bull rally may now limit further upward movement. Breaking the $84K barrier is crucial. Should Bitcoin overcome it, the path to a potential $96K surge becomes much clearer.

Global Impact on the Crypto Market
The outcome of this resistance test is key not only for Bitcoin but for the broader cryptocurrency ecosystem. A successful breakout could trigger wider bullish sentiment, whereas failure may lead to consolidation around lower levels.

Expert Opinion
From my perspective, the upcoming test at $84K is a critical juncture. A breakthrough could affirm the powerful bullish momentum we've seen, setting the stage for a climb to $96K. Investors are advised to monitor these levels closely as they could redefine market trends.

For further insights, please visit the original analysis: Click Here