BTC is currently trading at $94,678.10, up 1.90% in the past 24 hours.
After rebounding from a low of $91,203.67, Bitcoin is testing the key resistance level of $95,000, which is an important psychological and technical hurdle.
A break above this level could trigger a strong rally with targets of $97,000 and $99,000, providing key trading opportunities for traders.
For investors considering entering the market, an entry can be made around $94,500 with a stop loss set below $93,500 to effectively control risk.
The immediate support level of $93,900 will provide limited downside while accumulating momentum for subsequent gains.
