Bitcoin's next big resistance is $95K— What will trigger the breakout?
Bitcoin’s price rose to a new range high at $94,700 on April 23, its highest value since March 2. Several analysts said the next psychological resistance remains at $95,000, and the price might drop to test support levels below.
“The $94K–$95K zone is clearly the resistance to beat,” said Swissblock in an April 24 post on X. The onchain data provider asserted that the next logical move for Bitcoin would be a pullback toward the $90,000 zone to gain momentum for a move higher. “The $89K–$90K zone could be next to test bulls, but with BTC’s structure strength, these dips are for buying.”
BTC/USD chart. Source: Swissblock
Popular Bitcoin analyst AlphaBTC opined that the asset will likely consolidate in the $93,000-$95,000 range “before pushing higher to take liquidity above 100K.” Several bullish signs suggest that BTC is well-positioned to break above $95,000 in the following days or weeks.
Source: CoinTelegraph
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