Kraken Data Shows Bitcoin Bullish Momentum as Price Targets $98K Resistance

Bitcoin has demonstrated resilience by rebounding from a brief correction, testing the $94,000 support level before climbing back above $95,500. This recovery signals renewed bullish momentum as traders set their sights on the $98,000 resistance zone. Key technical developments, including a breach of a bearish trendline at $94,750 on the BTC/USD hourly chart, have bolstered confidence. Kraken data further supports this optimism, showing sustained trading above the 100-hour moving average. Market participants are closely monitoring these developments as Bitcoin continues its upward trajectory.

Bitcoin Price Bounces Back After Dip—Traders Eye Next Resistance Zone

Bitcoin has rebounded from a brief correction, testing the $94,000 support level before climbing back above $95,500. The recovery signals renewed bullish momentum as traders target the $98,000 resistance zone.

A key technical development was the breach of a bearish trendline at $94,750 on the BTC/USD hourly chart, with Kraken data showing sustained trading above the 100-hour moving average. market participants now watch for a decisive break above $97,750 to confirm the next leg upward.

The cryptocurrency’s resilience NEAR $94,000—where bulls aggressively defended the price floor—demonstrates strong underlying demand. This rebound follows Bitcoin’s impressive rally earlier this week, underscoring its volatile yet upward-trending nature in current market conditions.

Ethereum Price Regains Traction as Bulls Eye Break Above $1,850

Ethereum’s price action shows resilience after testing support at $1,750, with ETH now pushing toward critical resistance at $1,850. The recovery follows a brief correction from recent highs near $1,880, mirroring Bitcoin’s market behavior.

A decisive break above the $1,820 level—marked by the breach of a bearish trendline on hourly charts—signals growing bullish momentum. The 100-hour moving average now serves as dynamic support, with Kraken exchange data showing increased buying activity.

Market participants watch for a potential breakout, which could open the path toward $1,900 if the $1,850 barrier falls. The current price action reflects broader crypto market sentiment, where altcoins are attempting to decouple from Bitcoin’s recent volatility.