Bitcoin's uptrend remains intact as long as it stays above $74,937, but traders are watching the $98,000 level closely. A daily close above that mark could send the price toward $107,000–$109,000, according to technical analysis. However, falling volume as the price grinds higher has some analysts hitting pause.
The $98K Wall
Market analyst Kamile Uray pointed to $98,000 as the primary obstacle for bulls. “The primary obstacle for bulls is the $98,000 resistance level,” Uray noted. A clean break above that could open the door to the next major zone. But if Bitcoin fails to sustain above $126,199, a significant rejection and pullback may follow.
Volume Divergence in Focus
Trading volume has been declining while Bitcoin climbs — a classic divergence that often signals slowing momentum. Despite that, JDK Analysis said buyers still control the market structure. “Despite declining volume, buyers maintain control of market structure,” the analyst observed. That keeps the uptrend valid for now, but it makes chasing the price at current levels risky.
Support Levels to Watch
On the downside, a retracement could find a floor in the $68,000–$71,000 region. If selling intensifies, $60,000–$62,433 is a vital support zone. A daily close below $60,000 would be a bearish signal and flag a long-term correction. For now, the $73,000–$74,000 area is the key zone for potential long setups.
The Case for a Pullback
Lower timeframes show a strong structural uptrend with no clear weakness, but price has front-run the next major resistance zone anchored around the all-time high VWAP. A revisit could trigger a swing failure pattern (SFP), giving short sellers a trigger. The preference among some traders is to wait for a deeper pullback into a cleaner support zone rather than buying into the current grind.
