Bitcoin Nears Critical $97.5K Resistance

Bitcoin Faces Critical Resistance at $97,533 Amidst Consolidation

• Bitcoin is trading within a range of $94K to $100K.
• The current price is approximately $97,300.
• Key resistance level identified at $97,533.
• Major resistance levels include the 4-hour 200 EMA at $98K and the 200 MA at $100K.
• A breakout above these levels could lead to a rally toward new highs.

Bitcoin’s price remains in a tight range, with critical resistance at $97,533. A move above this level could signal an uptrend, but failure may result in continued sideways trading or a retest of lower demand zones.