Bitcoin squeezing against resistance as Nasdaq hits new all-time highs
Bitcoin is pressing up against a key resistance level and looks close to breaking higher, helped by the US stock market pushing into record territory — bullish for crypto holders in the near term.
- The Nasdaq 100 is making fresh all-time highs, and crypto usually follows that lead.
- Bitcoin keeps making higher lows under resistance, a sign buyers are getting stronger while sellers hold the same line.
- Ethereum, Solana, XRP and Chainlink are all stuck just under their own resistance, lagging Bitcoin.
- Talk of a major market crash does not match what markets are actually doing right now.
- One catch: momentum indicators are still weakening, so a breakout could be followed by a few weeks of cooling off.
Outlook: A breakout above resistance looks likely within the next one to two weeks, with a push toward the $90K range before any pullback.
## Bitcoin Levels
- **Bias:** Bullish — long-term uptrend intact, short-term breakout expected
- **Buy / accumulate:** Accumulating a long now below resistance; add on confirmed breakout above $88,000, or re-enter lower on a rejection
- **Support:** $82,000
- **Resistance:** $86,000-$88,000, then $96,000-$98,000
- **Targets:** $87.3K-$87.5K immediate liquidity target, then the $90K range
- **Invalidation:** A drop below the recent short-term higher lows — exit the trade