Bitcoin Price Recovers Strongly—Is a New Rally Beginning?

The current price of Bitcoin is showing signs of a recovery wave, with the potential to move above the $98,800 resistance zone. There is a bullish trend line forming with support near $97,600, indicating a positive trend for BTC/USD pair.

If Bitcoin continues to stay above the $96,400 zone, it could see further gains towards the $98,800 level and potentially even reach $100,000. On the other hand, if there is a decline, immediate support levels are at $97,500 and $96,500, with further support at $95,500 and $94,200.

Technical indicators such as the MACD and RSI are showing bullish signals, indicating a potential for further upward movement in Bitcoin price.

Overall, the outlook for Bitcoin price is positive, with the possibility of reaching key resistance levels and potentially surpassing the $100,000 mark in the near future.