Bitcoin Could Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details

Bitcoin is currently trading at $90,800 after a strong rebound from the $81,000 level, with bulls attempting to regain control of price action. The recent recovery has renewed optimism in the market, but traders remain cautious as Bitcoin faces key resistance levels.

All eyes are now on Friday’s President Trump Crypto Summit, where a definitive plan for the U.S. Strategic Crypto Reserve is expected to be announced. This event could have a significant impact on Bitcoin’s trajectory, with regulatory clarity and institutional involvement potentially driving renewed investor interest.

Top analyst Ali Martinez highlighted a crucial resistance level at $97,000. If Bitcoin manages to reclaim this level, it could gain momentum for a massive rally towards $150,000. This level is seen as a key breakout zone that could trigger a new leg up in the current market cycle.

Bitcoin has been experiencing high volatility and sharp price swings, keeping traders on edge as it struggles to establish a clear trend direction. After reaching $96,000, BTC plunged over 18% to $78,000, leading to panic selling and liquidations. The market has been in a high-volatility phase, with every breakout attempt being met with selling pressure.

Martinez’s technical analysis points out that reclaiming the $97,000 resistance could pave the way for a move towards $150,000, based on historical market cycle behavior. The $97,000 level remains a critical barrier for Bitcoin, and the next few days will be crucial in determining whether BTC can push higher or faces another retracement.

Bitcoin is currently trading above $90,000, and for bulls to maintain control, it must stay above this level in the coming days. Holding above $90,000 would signal renewed strength and potentially lead to a breakout towards higher levels. However, failing to hold $90,000 could turn the situation bearish, with a breakdown below $85,000 triggering renewed selling pressure.

With market volatility still high, the next few days will be critical in determining Bitcoin’s short-term direction. Whether BTC stabilizes above $90,000 or faces another leg down will shape the market’s momentum in the coming weeks.