🚨 Bitcoin Rally Faces Resistance – Caution Levels Rising! 🚨
) briefly rocketed past $95,000, hitting a seven-week high after Wall Street’s open on April 25. However, it quickly pulled back below $94,000, raising doubts about the strength behind the move.
BTC/USD defended its yearly open at $93,500, triggering a flush of short liquidations.
Key Rejection: Sellers hit hard near resistance, stalling the bullish momentum.
Current Sentiment: Traders warn of increased volatility and a potential tug-of-war around crucial price levels.
🥊 Buyer vs. Seller – The Battle Heats Up!
Liquidity data from CoinGlass shows intense order absorption during the rally.
Daan Crypto Trades noted BTC reclaiming the Bull Market Support Band — a positive for long-term bulls if it holds.
Skew warns: "Passive buyers are matching sellers for now, but if they stop... expect fireworks!"
⚡ Watch $93,500 closely — a breakdown could accelerate volatility dramatically!
📉 No Clear Path to $100K Yet
Despite recent excitement, analysts urge tactical caution:
Volume declines and repeated dips under $93,500 are red flags.
Keith Alan believes without a real catalyst, rallies may just be short squeezes.
QCP Capital warns: "Market is getting crowded — watch for sharper corrections!"
Macro view:
Bitcoin could enter a consolidation phase, delaying any immediate breakout toward $100,000.
Disclaimer:
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