Bitcoin's Path to $100K: Key Resistance at $98K
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Bitcoin's potential ascent to the $100,000 threshold appears contingent on overcoming the critical $98,000 resistance level, according to recent market analysis. This breakout scenario is primarily driven by two converging factors: a notable pickup in spot demand and sustained inflows into spot Bitcoin ETFs. The $98,000 mark represents a significant technical and psychological barrier; a decisive breach could catalyze further upward momentum, potentially unlocking the path toward the coveted six-figure valuation.
Market observers highlight that persistent ETF inflows, particularly from institutional channels, have provided a foundational support layer, mitigating downside volatility. Concurrently, renewed retail and institutional spot buying activity suggests growing confidence in Bitcoin's medium-term prospects. Should these demand drivers maintain their current trajectory, the likelihood of a sustained recovery beyond $98,000 increases, setting the stage for a potential test of $100,000 in the coming weeks. However, failure to consolidate above this level may invite renewed selling pressure.
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