Bitcoin bulls face make-or-break test at $98k–$100k: Trader Mayne

this image describes Bitcoin bulls face make-or-break test

Bitcoin’s latest rally is now approaching a critical resistance zone, and according to crypto analyst Trader Mayne, the $98,000–$100,000 range will determine whether BTC breaks into a new price phase or faces another sharp rejection. With momentum building but volatility rising, traders are watching this level as a defining moment for the market.

Key resistance zone could trigger breakout—or correction

Trader Mayne noted that Bitcoin’s recent upward momentum has brought it back to a long-standing resistance zone near the $100,000 psychological mark. This level has historically acted as a barrier where profit-taking intensifies and liquidity thins, making it one of the most difficult price ranges for bulls to overcome.

He emphasized that a clean breakout above $100k, supported by strong volume, could signal the start of a new macro leg upward. But failure to break through may result in a deeper pullback, especially as leveraged positions build and funding rates rise. Many short-term traders are positioning aggressively around this zone, adding further volatility to the setup.

Market watches liquidity, ETF flows, and whale activity

Analysts say the coming days will test market conviction. ETF inflows have slowed, and whale wallets are distributing slightly as Bitcoin inches closer to the resistance band. Derivatives data also shows a growing cluster of stop-losses and liquidation levels between $99k and $101k — a range that could amplify price swings in either direction.

Still, on-chain trends remain supportive. Long-term holders continue accumulating, and liquidity conditions are improving across major exchanges. If bulls manage to flip the $100k zone into support, analysts expect upside targets to extend significantly higher. But until that level is decisively cleared, Trader Mayne warns the market remains at “a make-or-break inflection point.”

Stay Ahead with Chainbull

Crypto evolves every second—make sure you don’t miss a beat. Visit Chainbull for expert insights, detailed market breakdowns, and trusted updates from the world of blockchain and digital assets.

Telegram Contact

Leave a Reply

Your email address will not be published. Required fields are marked *

Turn Your Blockchain Vision into Reality

Talk to our blockchain experts to unlock Web3 market opportunities.