$BTC

According to Bitfinex, holding above $95,000 would confirm a “structural shift” back into bullish territory and open the door for Bitcoin to retest its $109,000 all-time high, set on Jan. 20, 2025. This level currently marks the upper bound of a three-month trading range established between November 2024 and February 2025.

If this support holds, analysts believe a breakout toward $98,000 and beyond could trap short sellers, creating a short squeeze scenario. Crypto analyst Thomas Fahrer noted that $400 million worth of short positions are vulnerable to liquidation if BTC reaches $98,000.

Failure to Hold Could Trigger Correction

However, if Bitcoin fails to defend the $95,000 level, Bitfinex warns that the zone may flip into resistance, potentially triggering a short-term rejection and another round of corrective price action.