Bitcoin Eyes $100K Amid Bullish Rounding Bottom Pattern
- Bitcoin is trading at $97,700, just under 3% below the critical $100K level.
- A bullish rounding bottom pattern has formed above the $94K level.
- The price briefly touched the 4-hour 200 EMA near $98,800.
- Analyst Jelle notes a new higher high was set on Friday, signaling potential upward momentum.
- If Bitcoin reclaims the $100K mark, a rally toward a cycle top of $109K is possible.
Bitcoin’s current price action shows resilience above crucial demand zones, with analysts optimistic about a breakout as it forms a bullish rounding bottom pattern. The market closely watches for confirmation of this trend.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-forms-rounding-bottom-expert-sees-push-to-100k-next-week/?rand=52377
