Bitcoin conquers EMA55 as resistance, confirms $100,000 move

[mendez]

A move above $93,000 should happen easily in the coming weeks. Initially, the resistance being considered mainly was $85,000, but this isn't a major level for Bitcoin based on the current chart structure.

Reversing here would mean only a challenge of the previous consolidation zone. This implies a strong bearish bias right from the get-go. Instead, Bitcoin is strongly bullish after months of consolidation at bottom prices. If we assume a strong bullish rather than bearish bias, then the action needs to reach right in-between the previous consolidation zone leaning toward the higher boundary as resistance.

Consider the fact that everybody who thinks there is a strong hidden bearish bias are the same people that were calling for a war crash and a lower low after the $76,000 high. Since this didn't come to pass, these people, this mentality and this idea can be dismissed.

How to choose between a bullish or bearish bias behind the scene (hidden), which one is it?

Think of the period between late November 2025 through January 2026. Here we had two months of sideways and a relief rally, consolidation preceding the final leg down. When this was happening, the altcoins market wasn't extremely bullish, it was weak at best. Some of the smaller projects started to recover and grow but only weak growth.

Fast forward and come to this present moment, market conditions are much more different. When Bitcoin hit bottom in early February, we had the worst market conditions and the strongest bullish reversal signals since June 2022, the previous bear market orthodox end.

We also see Bitcoin moving sideways for more than two months and the altcoins, the smaller altcoins, are not the same and this is the most relevant signal.

The smaller altcoins are hyper-bullish right now producing major advances. Several dozen projects are already moving within a very strong uptrend with a parabolic rise at the end, a bull run. This is the signal that reveals the difference between now and then.

Bitcoin right now is many times stronger thus the bullish sentiment from market analysts, smart money and successful traders. A strong bullish bias is present within all those that understand how the market works.

Bitcoin has been gaining ground for months. Slowly but this slow process means that the ground that is being gained will be maintained. The recovery is now 25% strong. It is the second challenge of $76,000 what comes next, and due to a clear chart structure—higher lows and broken downtrend—we can expect a higher high. This will put us above $80,000, and this is when the altcoins bull market will start to show in full force.

It is still early, we will experience years of sustained growth.

[encrypted]

the altcoin strength angle is actually interesting, historically that kind of risk-on behavior does support a bullish BTC backdrop

[encrypted]

but the key level isn’t just $93K, it’s whether price accepts above prior consolidation zones without rejection