BTC Price Analysis: Is $100K Imminent for Bitcoin After 7% Weekly Increase?

Bitcoin has staged an impressive recovery, climbing back above $93K despite an environment filled with geopolitical tension. With rising global uncertainty, BTC’s resilience highlights its growing appeal as a hedge or alternative asset.

At the same time, liquidation pressure is fading, and technicals show 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 timeframe, BTC has broken out of the downward channel that capped the price since October. After a strong bounce from the $80K demand zone, the asset has reclaimed structure and is now trading just below the major resistance zone around $95K. This level aligns with a past support-turned-resistance block and is now acting as the next major barrier for bulls.

Both the 100-day and 200-day moving averages are still located above the price, keeping longer-term pressure intact, but short-term momentum has flipped positive. RSI is over 60, confirming buyer dominance, though it also warns of potential exhaustion if it reaches the overbought region. 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 ascending channel structure, with BTC consistently printing higher lows since mid-December. The price is currently pushing toward the upper boundary of the channel, which is located just above the same $93K–$95K resistance zone seen on the daily chart. This confluence could trigger a short-term rejection or consolidation phase.

The nearby support level sits around $87K near several short-term lows. As long as this level holds, buyers remain in control of the market structure. A breakout from the $95K resistance would likely invite momentum buyers aiming for the $100K psychological level as the next target.

Sentiment Analysis

Futures market data shows that long liquidations have drastically cooled off since the massive December wipeout, clearing the way for this rally to build on more stable ground. The mentioned liquidation cascade in December has apparently cooled off the futures market, lowering the probability of another flash crash in the short term.

With open interest starting to climb again and funding rates still relatively neutral, there’s room for upside as long as macro conditions don’t trigger another wave of forced selling. The bigger question now is whether BTC can maintain strength amid continued global instability and potential pressure from traditional markets.

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