Analyst: Bitcoin is challenging the $100,000 mark, with a strong breakthrough in daily expectations

According to the Duck Army on X, Bitcoin recorded a daily line with both upper and lower shadows being long, and an amplitude exceeding 8% of the positive line, showing continuous buying power. The 30-day moving average (MA30) and MACD indicators all show an upward trend, strengthening the upward momentum. Although it was expected yesterday that Bitcoin would need several days to adjust after touching the $90,000 mark, in fact it began a new round of rise after only a short adjustment.

At this moment, it is not advisable to easily be bearish; every pullback should be seized as a buying opportunity. Today Bitcoin once fell back to the 1-hour EMA52 and 2-hour MA30 lines but then rebounded strongly, showing market acceptance of high prices. From technical analysis perspective, Bitcoin is heading towards the key psychological barrier of $100,000. Current support levels are at $84,900 to $76,800 while resistance levels are at $96,050 to $109800. In the short term investors are advised to buy on dips and pay attention possible pullback support levels for optimal entry points.