Bitcoin moves above EMA89, a closer look ($100,000 Next!)BTCUSDT SPOTBYBIT:BTCUSDTMasterAnandaBitcoin is moving above EMA89 for the first time since January when it traded only briefly above this level. Bitcoin managed to close above it and the next day we saw a rejection. This rejection started a drop from $97,000 to a multiple years low of $60,000. It shows this is a very significant level. Yesterday Bitcoin produced high volume and high bullish force to break EMA89 as resistance. Today, the action stays above as resistance continues to be challenged. The $76,000 barrier was pierced once and the final resistance from April 2025, $74,500, is no more. Many positive developments continue to unfold. EMA89 will be sustained, this is not January 2026. Why? Because we are in the same move, the same market phase and the same recovery from 6-February. The recovery from this major low activates a minimum of $85,000 to $93,000 as a market reaction, so all the other details are meant for entertainment only as we already know. We can continue to track the chart closely but nothing will change. Bitcoin has been consolidating a major rise for months and this rise is now underway. Yes, there is a strong barrier below $100,000, but that is where Bitcoin is headed short-term. Will it crash afterward? Let's go step by step. All the massive gains and all the capital that will enter the altcoins market will support Bitcoin's rise just as Bitcoin being bullish supports the altcoins market. There is no going back now. The bullish bias is unfolding and starting to speed up. The next advance will be a major burst forth, reaching beyond $80,000 to settle around $83-$85,000, that's the next resistance based on TA. It will be fun to watch, we should expect to see at least 1B worth of short positions being liquidated to confirm a change of market sentiment. When this happens, sellers will switch their positions from SHORT to LONG. Believe it or not, most of the market is still bearish, while Bitcoin continues to rise and the altcoins have been growing for months. Imagine that, most of the market participants are actually selling at the bottom, right before a major advance—there is nothing new under the sun. It is the same all over again. Only when prices are already really high, will we be able, open and ready to accept that the bear market is over. Thank you for reading. Namaste.