Bitcoin is putting pressure on the 96,000 USD level — The target of 100,000 USD is back in sight
Bitcoin continues to show positive price behavior after reclaiming the 95,500 USD area, indicating that bulls still maintain solid control over the short-term trend. The market has successfully defended the bottom area of 92,500 USD and continues with a strong rally, pushing BTC above the 97,000 USD region before entering a healthy accumulation phase.
The standout feature of this structure is the acceptance above the 95,000 USD level. Holding above this level confirms that the recent increase is not just a reactive jump but part of a broader continuation trend. The presence of the support zone near 95,250 USD reinforces bullish intent, as buyers continue to engage in small corrections rather than waiting for a deeper drop.
The upward momentum has slightly cooled, but importantly, it has not shifted to a downtrend. This suggests that the accumulation phase is functioning as a reset step rather than a reversal. As long as Bitcoin remains above $95,500, there is a high likelihood of a subsequent bullish expansion. A sustainable push beyond the resistance zone of $97,200–$97,800 could unlock the next bullish chain, paving the way to levels of $98,800, $99,500, and the key psychological level of $100,000.
On the downside, risks remain clearly defined. Immediate support is located near $96,000, followed by a stronger demand zone around $95,250. A deeper correction to $94,000 still keeps the overall structure intact, while only losing the $92,500 mark would significantly weaken the bullish argument.
Overall, Bitcoin is accumulating strength, showing no signs of exhaustion. If buyers maintain control over the key support areas, the market seems to be preparing for a decisive push towards the six-figure price level in the near future.
