Bitcoin reaches a new high in nearly two months, key resistance and pullback expectations draw attention

On April 23, the price of Bitcoin (BTC) rose to $94,700, refreshing the high since March 2.

Market focus quickly shifted to the next key psychological resistance level—$95,000, with multiple analysts believing that the price may experience a pullback to test the support below.

On April 24, on the X platform, on-chain data provider Swissblock pointed out that the $94,000-$95,000 range is currently a resistance band that needs to be broken through.

Their analysis shows that Bitcoin may pull back to around $90,000 in the short term to gather strength, while the $89,000-$90,000 range will become an important area to test the continuation of the bull market.

Swissblock emphasized that given the current market structure strength of Bitcoin, such pullbacks actually provide investors with opportunities to buy on dips.