Bitcoin Bulls Eye $96K as Resistance Looms Ahead

Bitcoin has been trading steadily above $84K after its strong recovery from around $60K over the past couple of months.

The charts show a notable structural improvement, with BTC establishing a base at the $60K area before breaking sharply higher from the $66K region and shifting into a sequence of higher highs and higher lows.

However, the immediate resistance zone extends from roughly $86K to $88K, capping recent attempts higher. A daily breakout above $88K would strengthen the bullish structure and expose the next major resistance area around $96K.

The 100-day and 200-day moving averages are also becoming more constructive, with the 100-day average turning upward aggressively and converging toward the 200-day average around $72K.