{"id":25590,"date":"2025-05-07T13:16:43","date_gmt":"2025-05-07T13:16:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25590"},"modified":"2025-05-07T13:16:43","modified_gmt":"2025-05-07T13:16:43","slug":"bitcoin-price-analysis-btc-approaches-97k-resistance-amid-emerging-warning-signals","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25590","title":{"rendered":"Bitcoin Price Analysis: BTC Approaches $97K Resistance Amid Emerging Warning Signals"},"content":{"rendered":"
\n

Bitcoin is facing strong resistance at the $97K level, highlighting an ongoing battle between buyers and sellers. However, current price action suggests a potential corrective phase before any decisive breakout.<\/p>\n

Technical Analysis<\/h2>\n

The Daily Chart<\/h3>\n

Bitcoin has continued its impulsive surge after breaking above the crucial $90K threshold, reaching the $97K resistance region. However, the bullish trend has temporarily stalled at this critical level, with the price struggling to break above it. The recent consolidation near $97K reflects the presence of supply and a clear battle between buyers and sellers.<\/p>\n

Additionally, the 100-day moving average has crossed below the 200-day moving average, forming a death cross, which could signal weakening momentum. Given the current structure, Bitcoin appears poised for a short-term corrective pullback or consolidation toward the $90K area before any potential breakout above the $97K resistance.\"\"<\/a><\/p>\n

The 4-Hour Chart<\/h3>\n

On the lower timeframe, Bitcoin\u2019s struggle at the $97K mark is even more pronounced. After reaching this resistance, the price gradually lost bullish momentum, entering a consolidation phase between $93K and $97K.<\/p>\n

A noticeable bearish divergence between the price and the RSI indicator suggests that sellers are gaining strength. This further supports the likelihood of a short-term correction. As it stands, a consolidation or minor retracement within the $93K\u2013$97K range is the most probable scenario before the market gains enough momentum to breach this resistance.\"\"<\/a><\/p>\n

On-chain Analysis<\/h2>\n

By ShayanMarkets<\/p>\n

While Bitcoin consolidates at a key level, analyzing futures market metrics offers valuable insight. The chart displays the BTC\/USDT Binance liquidation heatmap, highlighting major liquidity pools that could attract price movement.<\/p>\n

As shown, two significant liquidity zones exist\u2014one above the $97K level and another below $93K, both near the current price. These areas are likely targets for smart money to trigger liquidations of retail traders. A breakout beyond either threshold could lead to a liquidation cascade and amplify the subsequent move.<\/p>\n

Given the market\u2019s overall bullish bias, a temporary dip below $93K remains possible before Bitcoin attempts a breakout above the $97K resistance.\"\"<\/a><\/p>\n

\u00a0<\/p>\n

The post Bitcoin Price Analysis: BTC Approaches $97K Resistance Amid Emerging Warning Signals<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is facing strong resistance at the $97K level, highlighting an ongoing battle between buyers and sellers. However, current price action suggests a potential corrective phase before any decisive breakout. Technical Analysis The Daily Chart Bitcoin has continued its impulsive surge after breaking above the crucial $90K threshold, reaching the $97K resistance region. However, the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25590","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25590"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25590\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}