BTC/USD approaches the psychological \$100K mark as fading trade concerns fuel bullish momentum.

Bitcoin maintains a strong upward trajectory, approaching the psychological $100K mark as the current bullish rally extends for a third consecutive day, gaining momentum from the recent low of $93,352 (May 6).

Positive market sentiment has been fueled by easing trade concerns, with signs of progress in US-China negotiations and the announcement of a US-UK trade agreement, which have boosted investor confidence and lifted Bitcoin’s price.

The $100K level represents a critical resistance zone, likely to trigger strong selling pressure. However, any dips are expected to be shallow, offering opportunities for bullish re-entry, especially with expectations of further trade de-escalation supporting a positive environment.

Key support is established around the broken 61.8% Fibonacci retracement of the $109,582–$74,389 decline, reinforced by the ascending 10-day moving average (10DMA). This zone is expected to cushion any pullbacks, with stronger support seen near the $93,600 area (a previous higher base).

On the upside, immediate resistance beyond $100K lies at the $101,000–$101,250 range (upper 20-day Bollinger band and 76.4% Fibonacci level). A strong bullish breakout could target $102,600 and $106,400, with a decisive rally beyond these levels exposing the record high at $109,582 and the next psychological milestone at $110K.

Res: 100000; 101000; 101250; 102600
Sup: 97957; 96138; 93527; 91986