Bitcoin begins its upward climb again, but what's its next move?

Bitcoin has begun to rise again in an attempt to recover

the losses it suffered recently, climbing to

$97,961, a gain of 1.4%

breaking through a significant resistance level that was previously located near

$94,660.

This recent rise in the cryptocurrency market is due to a new proposal

aimed at establishing a regulatory framework for cryptocurrencies in the United States.

Based on Bitcoin's current price action, we expect to see

continued upward movement in the long term, targeting levels of $101,000.

Expected Buying Zones

Due to Bitcoin's recent surge and breakout above previous resistance levels,

the cryptocurrency has established strong new demand zones near the $92,041 level.

This is considered one of the most important and best buying zones at the moment.

If these zones are tested, we expect to see a renewed upward movement for the cryptocurrency

targeting the $101,000 level, as previously mentioned.