Bitcoin Faces Key Resistance After 10% Weekly Rally – Confirmation Or Rejection Next?

Quick Summary:

For history to repeat, BTC must get rejected at $99,000, hold $93,500 as support, and break the $97,000-$99,000 range before being rejected at the $104,500 resistance, which is the level "to turn into support for Bitcoin to breakout into its second Price Discovery Uptrend.” Notably, BTC followed this path closely over the past week, getting rejected near $99,000 and retesting the $93,500 support before jumping above the $100,000 mark.

And as resistances do, they tend to reject price.” According to Rekt Capital, Bitcoin has repeated some key elements from its Post-halving range in its current range, suggesting that if BTC continues to reject from this level, it could face a post-breakout retest of its lower high resistance.

Related Reading: Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next In his Monday analysis, Rekt Capital shared that BTC’s lower high resistance is at the $98,500 level, signaling that a 5% drop could be ahead.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: BTCUSDT Bitcoin Crypto Bull Run 2025 Bitcoin analysis Bitcoin breakout Crrypto analyst Bitcoin price Bitcoin ATH Bitcoin Bitcoin price correction Btc Crypto makert recovery Crypto market correction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 09:30:11 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 74 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 28670847

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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News Last Updated: 9 hours ago

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