Bitcoin Price Poised for Another Rise: The Next Move Awaits

Bitcoin's price is recovering, surpassing $95,000 and aiming for $98,000. The increase follows a break above a short-term triangle resistance at $95,500. The price is currently above the 100-hourly SMA and the 61.8% Fib retracement level. Clearing the $97,000 resistance is crucial for continued bullish momentum. Key resistance levels lie at $97,000, $98,500, and $98,800, with potential gains reaching $102,000. Conversely, failure to surpass $97,000 could trigger a correction. Support levels are at $95,500, $94,500, and $93,200. Technical indicators like MACD and RSI show positive signs. Overall, the short-term outlook for Bitcoin is bullish, contingent on overcoming key resistance levels.