Bitcoin Price Outlook: Bulls Strengthen Despite Mantra Pullback

The Bitcoin price is showing resilience even with concerns about a potential rug-pull in the form of the “Mantra” project. Despite no CME gap emerging over the weekend, the BTC price has surged beyond the $4,500 mark and broken its downtrend line. This suggests that the bullish momentum will likely push the price closer to $90,000 as technical indicators show signs of a bullish divergence. However, clearing a crucial resistance in the next few days is necessary for a further climb towards $100K. Otherwise, a possible drop toward yearly lows may occur if this resistance isn’t overcome.