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Bitcoin continues its bullish momentum, surging above $97,000 in early May before a minor retracement. A prominent analyst shares key insights on potential price movements and market structure. Will this rally sustain or is a correction imminent?
- Bitcoin surged above $97,000 in early May but is now in a minor retracement phase.
- Key support levels identified at $95,200–$96,000 and $93,600–$94,000 could prevent deeper declines.
- A breakout above $97,400 may propel Bitcoin toward $98,500, while a drop below $96,000 could trigger a correction to $94,000.
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