BTC Price Analysis: Is Bitcoin $100K Looming After a 7% Weekly Rise?

Bitcoin has staged an impressive recovery, climbing back above $93,000 despite an environment full of geopolitical tensions. As global uncertainty increases, BTC’s resilience highlights its growing appeal as a hedge or alternative asset.

At the same time, liquidation pressure is easing and technicals are showing signs of renewed bullish momentum. The current price action is now testing a key resistance zone that could decide whether this rally continues or cools off.

Bitcoin Price Analysis: The Daily Chart

On the daily time frame, BTC has broken out of the downward channel that has capped the price since October. After a strong rebound from the $80,000 demand zone, the asset has regained structure and is now trading just below the key resistance zone around $95,000. This level corresponds to a past support and resistance block and now acts as the next major barrier for bulls.

Both the 100- and 200-day moving averages are still above price, keeping longer-term pressure intact, but short-term momentum has turned positive. The RSI is above 60, confirming the buyer’s dominance, but also warning of possible exhaustion if the price reaches overbought territory. A daily close above $95K could open the door for a retest of the $100K and $105K resistance levels.

BTC/USDT 4-hour chart

The 4H chart shows a clear bullish channel structure, with BTC consistently posting higher lows since mid-December. The price is currently moving towards the upper limit of the channel, which is just above the same $93K-$95K resistance zone as on the daily chart. This confluence could trigger a short-term rejection or consolidation phase.

The nearby support level is around $87,000, close to several short-term lows. As long as this level persists, buyers will remain in control of the market structure. A break from the $95K resistance would likely invite momentum buyers targeting the $100K psychological level as the next target.

Sentiment analysis

Futures market data shows that long liquidations have cooled dramatically since the massive breakout in December, paving the way for this rally to build on more stable ground. The aforementioned liquidation cascade in December has apparently cooled the futures market, reducing the likelihood of another sudden crash in the short term.

With open rates starting to rise again and financing rates still relatively neutral, there is room for upside as long as macro conditions do not lead to a new wave of foreclosures. The bigger question now is whether BTC can maintain its strength amid ongoing global instability and potential pressure from traditional markets.