New Bitcoin Price Prediction after BTC Holds above Resistance Level
Bitcoin is up this week even after the U.S. government stepped in to capture the Venezuelan president, and Bitcoin could be bullish.
Quick overview
- Bitcoin has held above the $90K resistance level for three days, currently trading at $92,697.
- The cryptocurrency has gained 1.51% in the last 24 hours and over 6% for the week, suggesting a potential bull run.
- Concerns over U.S. military action in Venezuela have not negatively impacted the crypto market, which remains strong.
- Analysts believe Bitcoin could reach $100K soon, indicating a possible end to its bearish cycle.
For months, Bitcoin (BTC) has struggled to break free of its $90K resistance level, and now it has held above that mark for the past three days, inspiring confidence in investors.
It may be time for investors to take another look at Bitcoin since it has surpassed its resistance level and is holding at $92,697 (BTC/USD). As some analysts predicted, the coin might be reaching the end of its bearish cycle and could be ready to set a new record high in the near future.
BTC/USDBitcoin is now above its three-week high and is climbing higher. The token has gained 1.51% over the last 24 hours and is up by more than 6% for the week, indicating what could be the start of a bull run. Those who have counted the coin down and out for now may want to give it another look since this latest move demonstrates its resilience.
No Panic from Bitcoin Market
There was concern that if the United States government acted decisively in Venezuela that the crypto market would go into a tailspin. That fear has turned out to be unfounded now that the Trump administration has captured Venezuelan President Nicolas Maduro.
The worry was that the United States would embroil itself in along, drawn out, and costly war with the country instead of moving in and taking action. Now that Maduro is in U.S. custody, though, it appears that the military action is mostly over for now. Instead of panicking, the crypto market has shown strength and fortitude. Bitcoin is high as the week starts, performing better than it has in weeks, and a few other key crypto tokens are marginally up as well.
Typically, risk assets like Bitcoin will become shaky during major news developments, especially when there is some concern that the situation could turn to protracted conflict. There is the possibility that China or Russia will step in as an ally of Venezuela and take action against the United States, and yet Bitcoin is ticking upward still. Investors may want to take note of how the coin is behaving and attribute this to its renewed strength and the strong likelihood that a bull run is beginning.
Bitcoin could easily hit $100K this week and be back in record high territory before the month is over. The length downturn for the coin might have played itself out, leaving the crypto token with a strong foundation from which to springboard to new highs early in 2026.
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