Bitcoin (BTC) has reclaimed the $95,000 level after breaking through multiple key resistance points, signaling renewed bullish momentum. However, analysts caution that Bitcoin remains in a critical zone as traders watch whether the 2025 yearly open at $93,500 can continue to act as strong support.
Bitcoin Breaks Triple Resistance, Regains Bullish Momentum
Over the past week, Bitcoin decisively broke through three important resistance levels:
Horizontal weekly resistance.
A multimonth downtrend line.
The 21-week exponential moving average (EMA).
"Bitcoin broke them all last week," noted popular crypto analyst Rekt Capital, highlighting the "Triple Resistance Breakout" on social media.
Bitcoin is now trading firmly above both the 21-week and 50-week EMAs — historically strong bull market indicators. Rekt Capital compared the current price behavior to Bitcoin's mid-2021 recovery, reinforcing the bullish case.
“Bitcoin has repeated mid-2021 price history with a breakout from its range formed by the two Bull Market EMAs,” he stated.
$93.5K Remains the Critical Line to Watch
Despite the renewed bullish structure, Bitcoin faces a crucial test at the $93,500 level, corresponding to the 2025 yearly open.
While BTC briefly dipped below $93,500 after the weekly close, strong buying pressure helped the price rebound above $95,000 on April 29, calming immediate concerns.
Keith Alan, co-founder of Material Indicators, emphasized that Bitcoin is still within a "critical zone," warning that any failure to maintain $93,500 support could invite downside volatility.
"It's one of the reasons why I think we could see more downside volatility," Alan said, although he noted that a successful retest could reinforce bullish strength.
Alan also pointed out that the 21-week simple moving average (SMA) — currently tracking upward — could serve as additional support if needed.
Buy Wall Near $94,000 Strengthens Short-Term Support
Data from CoinGlass shows a substantial buy wall near $94,000 on Binance Futures, suggesting that traders are actively defending lower levels. This liquidity cluster could help stabilize Bitcoin’s price action in the near term, even if volatility persists.
If bulls maintain momentum above $95,000, Bitcoin could set up a fresh challenge toward the $100,000 psychological barrier.
Bitcoin at a Decisive Pivot Point
Bitcoin’s ability to reclaim $95,000 after last week's triple resistance breakout strengthens the bullish outlook. However, the $93,500 support level remains pivotal for confirming the continuation of the rally.
Key Levels to Watch:
Immediate Support: $93,500 (2025 yearly open)
Intermediate Zone: $94,000 (Binance Futures bid wall)
Major Resistance: $100,000 psychological barrier
For Bitcoin to sustain its bullish trend toward $100,000 and beyond, traders are closely watching for clear support confirmation and signs of decoupling from broader equity market volatility.
