$BTC is currently trading at approximately $96,505, reflecting a 2.1% increase over the past 24 hours.
Analysts from Bitfinex highlight the importance of the $95,000 level, noting that maintaining this threshold could signal a return to bullish momentum and potentially pave the way for $BTC to retest its all-time high of $109,000. Conversely, failing to hold above $95,000 may lead to further downward pressure, with the level turning into a resistance point.
Market sentiment is showing signs of optimism, with the Crypto Fear & Greed Index rising to 67, indicating a shift towards "Greed." However, upcoming macroeconomic events, such as the Federal Reserve's interest rate decision on May 7, could introduce volatility and influence $BTC short-term trajectory.
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