Bitcoin hits 2026 high above $97K, data shows sufficient fuel for higher prices

💡 DMK Insight

Bitcoin’s surge to $97,500 is more than just a number—it’s a potential breakout point. Traders are eyeing the psychological barrier of $100,000, which could trigger a wave of FOMO (fear of missing out) buying. If bulls can maintain momentum and push through this level, we might see a rapid ascent as stop-loss orders get triggered and new buyers jump in. Keep an eye on volume; a significant increase here would validate the bullish sentiment. However, it’s worth noting that this rally could attract profit-taking from short-term traders, especially if we see any signs of weakness or a pullback. Watch for support around $95,000; if that holds, it could set the stage for another attempt at the $100,000 mark. If it breaks, we might see a retracement that could shake out weaker hands. So, monitor these levels closely as we head into the next trading sessions.