The post Bitcoin Escapes Tight Range After Week Of Compression – Next Stop $100K? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is now trading above the $96,000 mark after multiple days of struggling to break through that resistance zone. The breakout signals renewed strength from bulls, who have regained control following weeks of tight consolidation. However, while this move confirms bullish momentum in the short term, the critical level to reclaim remains the psychological $100,000 threshold. A decisive push above $100K could unlock a wave of market-wide upside and potentially trigger a new phase of the bull cycle. Top analyst Daan shared a technical analysis on X, noting that BTC has officially broken out of the $93K–$96K range after about a week of compressed price action. He compares the current setup to a previous consolidation phase that also preceded a breakout, emphasizing the need to hold above this new support. The coming days will be key in determining whether Bitcoin can sustain this momentum and move confidently toward the long-anticipated six-figure milestone. Bitcoin Breaks Out Again, but Bulls Must Defend Key Levels After months of selling pressure from the all-time highs, Bitcoin is once again showing signs of strength, attempting to confirm a broader bullish setup that could lift the entire market. The decisive break above the $90K level marked a major shift in momentum, giving bulls the upper hand and fueling optimism about a potential push toward six-figure territory. However, broader market risks remain, including persistent macroeconomic uncertainty and ongoing trade conflicts between global powers that continue to weigh on investor sentiment. Daan shared insights suggesting that BTC has broken out of the $93K–$96K range after nearly a week of tight consolidation and compressed price action. This pattern mirrors a previous setup seen just days before, where similar compression led to an upside breakout. According to…

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Filed under: News - @ May 3, 2025 1:25 am