Bitcoin Eyes New All-Time High with Key Resistance Break
- Bitcoin’s key resistance level is $97,530.
- If BTC surpasses this level, it could reach $114,230.
- The MVRV metric suggests a bullish trend if it crosses the one-year SMA.
- Current Bitcoin trading price is $97,031, up by 3.3% in the last 24 hours.
- Support levels to watch are $93,198 and $83,443.
Bitcoin’s potential for reaching a new all-time high hinges on breaking the $97,530 resistance level. If successful, projections suggest a rise to $114,230. However, traders should monitor support levels if momentum changes.
Source (2.6)https://dailyhodl.com/2025/05/01/bitcoin-primed-for-new-all-time-high-if-btc-breaks-above-this-resistance-level-says-crypto-trader/?rand=59076
