10x Research: Bitcoin is facing resistance between $94,000 and $95,000, and may experience short-term consolidation before breaking through $100,000

On April 28, the crypto research institution 10x Research released an analysis report indicating that Bitcoin is currently hovering in the resistance range of $94,000 to $95,000, with bearish signals strengthening in the short term.

Meanwhile, two reversal indicators have turned bearish, and the current stochastic oscillator has risen to 95%, indicating that there may be some downward risk in the short term.

However, some analysts believe that this may just be a brief consolidation phase before Bitcoin breaks through $100,000.

Additionally, the report mentions that South Korean crypto retail traders may soon turn their attention to a certain altcoin. This could suggest that although Bitcoin is under pressure in the current resistance range, the entire crypto market remains vibrant, and investors' interests may shift between different tokens.

In summary, despite the changes in market sentiment and fluctuations in technical indicators reminding us that short-term adjustments may be inevitable, such adjustments may not necessarily be a bad thing; they could lay the groundwork for future breakthroughs. After all, no rally is without its bumps, and adjustments may actually be the market gathering strength.

What do you think about Bitcoin hovering around the resistance range of $94,000 to $95,000? Do you think it will soon break through $100,000, or will it continue to consolidate for a while?