BTC Eyes $96.8K, Breakout or Bull Trap?

 Key Insights:

• $96.8K is the key level—breakout targets $100K, rejection opens downside risk again.
• Relief bounce is building but needs strong follow-through to confirm any trend shift.
• Weekly RSI divergence hints at momentum shift, but confirmation depends on price strength.

Bitcoin was trading just above $96,400, showing limited movement ahead of a key level at $96,830. This resistance has now become the main short-term focus for traders looking to confirm the next move. Price has rebounded slightly in the last 24 hours, up 0.60%, while still down nearly 6% over the past week.

Market watcher LennaertSnyder pointed out that he’s monitoring this level closely. “Key resistance is still at ~$96,830,” he noted. A break above it could open the door toward the $100K–$101K area. On the other hand, a quick rejection after testing it might invite short setups. Both directions remain possible, depending on how price reacts near this zone.

Relief Bounce Develops on Lower Timeframes

On the 1-hour chart, Bitcoin has been climbing slowly off a recent low near $94,400. Short-term momentum has improved, with a series of higher lows forming as price presses toward $96,400. A recovery is in motion, but confirmation requires more strength.

Trader ElonTrades summed up the setup simply: “$BTC relief bounce incoming.” Volume has risen slightly, and RSI is pushing toward neutral levels. A break above local moving averages could give bulls a bit more room to push higher—at least for now.

Weekly Chart Shows Divergence Between Price and RSI

On the weekly timeframe, Bitcoin’s price was holding a higher low, while the RSI indicator moved to a lower low near 40. This type of divergence often signals a pause or reversal, especially when visible on higher timeframes.

KarmanAsgar wrote,

“BULLISH DIVERGENCE ALERT. The bounce is loading,” 

The chart shows a clear difference between structure and momentum, which can lead to short-term upside, provided support continues to hold in the coming days.

Weekend Trading May Bring Unstable Moves

Price action over weekends often lacks strong volume, making moves less reliable. BTC is stuck between $95,000 and $96,830, with no breakout confirmed yet. Traders are preparing for either a clean move above resistance—or a rejection that could trigger a move back toward $93,000.

LennaertSnyder added, 

“Still weekend, so watch out for the chop.” 

However, this suggests caution is needed until markets open with clearer direction next week.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.