Bitcoin May Rally to $94K-$100K, Faces Major Resistance
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Short-Term Rally Potential: Market analyst Scott Melker noted that Bitcoin has turned the 50-day moving average into support on daily charts, and if this level holds, it could rally back to the $94,000-$100,000 range, providing short-term profit opportunities for investors.
- Major Resistance Analysis: Experts agree that the $100,000 level on the weekly charts represents significant resistance, and if this level is not overcome, Bitcoin risks a pullback to the 200-day moving average at $60,000, which could negatively impact market confidence and investor sentiment.
- Capital Flow Trends: Gareth Soloway suggested that some speculative capital may have shifted to silver and precious metals, leading to stagnation in Bitcoin and Ethereum, reflecting a reassessment of risk assets that could influence future investment strategies.
- Regulatory Risk Warning: With the 2026 US midterm elections approaching, Melker warned that if critical legislation like the “Clarity Act” fails to pass, the crypto industry could face another period of uncertainty, affecting investor confidence in the market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
