🚀 $BTC at $97k: The Final Countdown to $100,000? 🟠
Bitcoin ($BTC ) is currently in a high-voltage zone. According to your latest hourly chart, it is trading at $96,951, just a few steps away from its recent 24-hour high of $97,924. The market is now split: will we blast past $100k, or is a "bull trap" crash coming?
📈 The Case for $100,000+ (The "Buy" Narrative)
Institutional FOMO: MicroStrategy recently made a massive purchase of 13,627 BTC for approximately $1.25 billion, showing that the "big players" are still buying at these high levels.
Regulatory Fuel: The progress of the Digital Asset Market CLARITY Act in the U.S. is providing the legal certainty that many institutions have been waiting for.
Prediction Markets: Sentiment is extremely high; Polymarket currently gives Bitcoin a 73% probability of hitting $100,000 before the end of January 2026.
Whale Squeeze: Over $700 million in short positions were liquidated recently, which often acts as fuel for the next leg up.
📉 The Case for a "Healthy Crash" (The "Wait" Narrative)
Psychological Ceiling: The $100,000 mark is the strongest mental resistance in Bitcoin's history. Expect massive "sell walls" and profit-taking at that level.
Overbought Signals: On larger timeframes, Bitcoin has been rallying hard for weeks. Analysts warn that a "reset" back to the $90,000–$92,000 support zone would be healthy before a sustainable breakout.
Short-Term Resistance: Your chart shows the price struggling to reclaim the $97,900 level. If it fails to hold the MA(7) ($96,806) and MA(25) ($96,707) supports on the hourly, we could see a quick drop to the 24h low of $94,890.
🎯 Buy or Wait? (Trading Strategy)
🟢 Aggressive Buy Above $98,000 Buy the confirmed breakout of the 24h high to ride the
"FOMO wave" to $100k+.
🟡 Conservative Buy $94,500 – $95,200 Wait for a "retest" of the $95k support floor before entering.
🛑 Stop Loss Below $93,400 Exit immediately if it breaks below the 1H MA(99) to protect against a deeper crash.