Bitcoin Climbs 12% On The Week As Traders Eye Run To $100,000

Bitcoin BTC/USD is up 12% on the week, following a familiar crypto cycle pattern of improving sentiment and shifting macro signals.

What Happened: Crypto analyst Alex Wacy noted on Friday the cyclical nature of the market, which often takes just a few bullish headlines and a green daily candle to reignite momentum.

Despite many altcoins still trading 70–80% below their January highs, Bitcoin has regained strength.

Wacy points out that while macro uncertainty persists, crypto-specific catalysts are driving renewed optimism.

This includes speculation around Paul Atkins taking over as SEC Chair, altcoin ETFs and rate cuts on the horizon.

Also Read: If Bitcoin Breaks $100K, This CEO Will ‘Gladly Admit’ Being Wrong About A Bear Market

What's Next: Crypto trader CJ highlighted that Bitcoin is still trading within a high time frame resistance zone between $95,000 and $100,000, highlighting a potential fakeout setup:

• Ideal scenario: a push toward $95,000–$96,400, followed by a rejection and reversal back into the range, which could open short opportunities targeting $90,000 and $87,200.
• Alternative scenario: if BTC breaks and consolidates above $100,000, it may trigger a fresh breakout, but the trader plans to wait for confirmation rather than pre-emptively trade into resistance.

Heading into the weekend, the expected trading range is between $91,000 and $94,000.

Read Next:

• Bitcoin’s Dual Role Could Propel It To $200,000: Standard Chartered

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