The post BTC Eyes $96. 8K, Breakout or Bull Trap? appeared com. 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. BTC Eyes $96. 8K, Breakout or Bull Trap? Weekend Levels to Watch 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: “TC 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.