Why Bitcoin’s Next Stop Could Be $98,000 After Surmounting This Key Hurdle, Technical Analyst Says

Why It Matters

Breaking the $75,200 level would signal renewed bullish momentum, likely attracting institutional capital and moving Bitcoin toward its $100k psychological milestone.

Key Takeaways

• Bitcoin topped $75,200, a key technical resistance level.
• Price peaked at $76,094 before retreating to $74,333.
• Analyst predicts next target near $98,000 if breakout holds.
• Bitcoin remains ~40% below its October 2025 high.

Pulse Analysis

Bitcoin’s recent flirtation with the $75,200 resistance underscores how technical thresholds shape market psychology. The level, identified through a daily cloud model—a staple among chartists—has capped upside moves since early 2025, prompting traders to position around it. When the price nudged to $76,094, it briefly shattered the barrier before yielding to sellers at $74,333, illustrating the classic “test‑and‑retest” pattern. Such behavior often precedes a decisive move, as participants gauge whether buying pressure can sustain above the hurdle, setting the stage for a potential breakout.

If Bitcoin sustains above $75,200, the next logical target, according to Fairlead Strategies’ Katie Stockton, lies near $98,000—a zone that edges toward the coveted six‑figure mark. Crossing that threshold could rekindle institutional interest that waned after the 2025 peak, as fund managers view a cleared technical obstacle as a risk‑mitigated entry point. Historical data shows that each successful breach of a major resistance is followed by heightened inflows, tighter spreads, and a rally in related assets such as Ethereum and crypto‑linked ETFs, amplifying market breadth.

Nevertheless, the path to $98,000 is not guaranteed. Bitcoin remains roughly 40% below its October 2025 high, and macro variables—interest‑rate policy, geopolitical tension, and regulatory scrutiny—can quickly reverse sentiment. Traders should monitor volume spikes, order‑book depth, and broader risk‑on/off cues to confirm the breakout’s durability. Even if the price consolidates above $75,200, a pullback to the $70,000–$72,000 range could serve as a healthy retracement before the next leg of the rally, keeping volatility in check.