Bitcoin Rallies to $97.5K, Eyes $100K as Bulls Maintain Control

• Bitcoin nears $100K, showing strong bullish momentum with traders eyeing structured entries amid key resistance and support zones.
• A demand zone at $93,963 fuels Bitcoin’s rally, while resistance at $103K–$106K could trigger a pullback or breakout continuation.
• Strategic profit-taking and Fibonacci levels guide traders, balancing gains while managing risks in Bitcoin’s ongoing uptrend.

Bitcoin (BTC) has climbed to $97,500 for the fifth consecutive winning session. Astronomer, a notable trader, highlighted this impressive rally, securing a 1.97 risk-reward (RR) ratio and a $2,200 move from entry. With 60% of the position still open expect further upside. Bitcoin’s bullish momentum attracts traders seeking structured market entries.

Bitcoin’s Key Price Levels and Market Structure

BTC has been respecting key technical levels, forming a well-structured market pattern. A strong resistance zone between $103,000 and $106,000 has emerged. This area could trigger a potential pullback. Conversely, a demand zone near $93,963 has provided support, fueling Bitcoin’s uptrend.

Additionally, Fibonacci retracement levels and liquidity pools indicate historical price reactions. A recent breakout from the “Astro Block” demand zone has added confidence to the bullish sentiment. Moreover, Bitcoin’s upward movement follows liquidity sweeps and reaction points that align with technical confluences.

Trading Strategies and Market Expectations

Astronomer emphasized strategic profit-taking while keeping a portion of the trade open. He initially took 20% profits at $98,000 while holding the remainder for a potential $100K target. The structured risk-reward strategy ensures calculated gains while allowing exposure to further price appreciation.

Moreover, the presence of strong resistance near $103,000 suggests a possible rejection point. If BTC breaks this level, the next resistance could be around $106,000. However, if sellers regain control, Bitcoin might revisit its key demand zone.

Besides, liquidity sweeps and Fibonacci levels help identify potential retracements and areas of renewed buying interest. Consequently, the structured approach to market participation remains a key factor for long-term profitability.