Bitcoin (BTC) Fights to Regain Momentum as Institutional Investors Watch Cautiously

The crypto market stands at a crossroads as Bitcoin fights to regain momentum. Despite the rebound, a bull run isn't guaranteed.

Crypto enthusiasts are eagerly awaiting Bitcoin's return to the $100,000 mark, but the road to recovery may hold some surprises. As Bitcoin struggles to break through the crucial resistance level of $82,000, analysts are examining the factors that could influence BTC's price movements in the coming weeks.

Despite a week of outflows totaling $756 million, Bitcoin has shown resilience, rebounding to trade at around $81,595, marking a 3.86% increase in the past 24 hours. This recovery follows a period of decline that saw Bitcoin test the support level of $75,000.

A few critical factors must align for Bitcoin to have a chance at surging past $100,000. Firstly, Bitcoin needs to close a few weekly candles (preferably three) completely above the $82,000 resistance. This sustained presence in higher price territory would signal a shift in momentum.

Secondly, to reach $100,000, Bitcoin must overcome the significant resistance levels formed at $90,000 and $98,000. These levels have stalled previous rallies, highlighting the need for strong buying pressure to push through these barriers.

Thirdly, institutional investors are closely watching for signs of correction in the cryptocurrency market. If Bitcoin shows signs of a sustained recovery and breaks through key resistance levels, it could spark increased interest from institutional investors.

Finally, renowned cryptocurrency analyst Josh Horowitz notes that Bitcoin has a history of making "impressive moves" when it experiences a "deep setback" from a prior all-time high. In the current market, this setback would be a fall to the $40,000 level, which is about 50% below the all-time high of nearly $82,000.

However, while bullish sentiment is growing, there are still some uncertainties that could impact Bitcoin's price in the short term.

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