Bitcoin has repeatedly tested the $94,000 resistance level but has been unable to sustain a breakthrough, closing both daily and weekly candles below this mark. Despite a brief daily close above $94K for the first time in two months, the cryptocurrency quickly fell back, underscoring the strength of this resistance.
Attention now turns to the $100,000 level, which is the next significant resistance point for Bitcoin. The 200-day exponential moving average (EMA) is near this price, adding to its importance as a target for traders. Bitcoin's current struggle to surpass $94K suggests that additional momentum may be needed to reach the $100K milestone.
Bitcoin Struggles at $94K Resistance, Sets Sights on $100K
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