Bitcoin Faces Key Resistance at $84K: Can It Break Through to $100K?

Bitcoin is at a pivotal moment, with the 200-day Exponential Moving Average (EMA) acting as a critical resistance level near $84,000. Historically, this EMA has influenced Bitcoin’s price direction, making its current position crucial for the next major move. A successful breakout above this resistance could fuel a rally toward the highly anticipated $100,000 milestone.

One encouraging sign for bulls is the recent drop in trading volume during the correction phase, which often signals weakening selling pressure. If Bitcoin maintains momentum and breaks above the 200 EMA with strong buying interest, it could confirm a bullish trend reversal. This scenario may push Bitcoin toward $90,000 and beyond in the coming sessions.

However, failure to clear this key resistance could lead to further consolidation or even another price decline. Macroeconomic factors, institutional interest, and market sentiment will play a crucial role in determining Bitcoin’s trajectory. Investors should closely watch the $84,000 level and the 200 EMA, as a confirmed daily close above these marks could indicate strong upward momentum.

While Bitcoin remains at a turning point, volume patterns suggest a potential reversal is on the horizon. The coming days will be decisive in shaping Bitcoin’s path, and traders should prepare for volatility as the market reacts to these critical technical levels.