Bitcoin Hits 2026 Peak at $97,500: What’s Next?

Bitcoin Continues Its Ascent

Recently, Bitcoin reached a new high of $97,500, with several analyses suggesting that traders aim to push the price over $100,000. This evolution confirms a new structure of rising highs, and traders are optimistic that a climb above $100,000 is the next target.

Market Analysis

Bitcoin closed a trading day above $95,000, thereby weakening short-term resistance. The net trading volume on Binance temporarily exceeded $500 million, coinciding with increased open interest and the lowest hourly funding rate since late 2025. With limited resistance above $95,000, a technical advance towards $103,500 is possible.

Data Indicates an Upward Trend

Network data shows that Bitcoin's rally is gaining traction. The Coinbase Premium Index has stabilized after a period of selling, and selling pressure has eased, indicating that U.S. investors are pulling back their anxiety. Additionally, the average influx of Bitcoin into Coinbase Advanced is approximately 2.5 times greater than the benchmark value, which has preceded price appreciation in the past.

Key Technical Aspects

Traders will closely monitor the $100,000 threshold, but from a technical perspective, the next significant supply zone is between $103,300 and $107,500. The resistance between $95,000 and $103,300 is evidently thin, allowing room for price expansion if momentum persists. The recent rally around $95,300 led to the liquidation of $270 million in short positions.

Future Perspectives

As Bitcoin reaches new highs, it is important for investors to be cautious and conduct their own research before making investment decisions.