The post Bitcoin Price Today: BTC Up 30% From February Lows, iS $100K Next? appeared first on Coinpedia Fintech News
Bitcoin has climbed more than 30% from its February lows and is pressing toward $80,000, turning sentiment sharply bullish across trading communities. One analyst who has tracked this structure for months says the excitement may be arriving at exactly the wrong moment.
The question is not whether the rally is real. It is what comes after.
Resistance Is the Story
The zone between $80,000 and $109,000 was flagged as important resistance long before price arrived there. Reaching it is not alarming by itself. It is exactly what resistance zones exist for.
The specific target range being watched is $81,750 to $94,330. Price has not fully reached it yet, keeping short-term higher prices on the table. Once that zone is tested, any sharp structured decline could signal the next leg down is beginning.
The Trap Most Investors Walk Into
When Bitcoin was at February lows, most traders were loudly calling for further crashes. Now that resistance is being approached, the same crowd has turned bullish. The analyst has seen this pattern repeat countless times. People go bearish at lows and bullish at resistance. The advice here is not to go short but to stay cautious rather than chase a move that may be in its final stages.
When to Buy and Key Levels
The analyst’s last purchase was February 6 around $63,500. There is no urgency to add at current prices. Two setups would change that: a clean advance followed by a pullback to a higher low, or the daily RSI hitting oversold territory, a signal that triggered 20 to 30% rallies in both November and February.
Important levels to watch: resistance at $78,324 to $79,260, first support at $74,968 to $77,250, channel support at $76,400, and deeper support at $67,500 to $72,900 if selling accelerates.
Higher prices are still possible short term. But the bigger picture has not changed in months, and patience is likely the most valuable asset right now.