#MarketRebound BTC and the $95K Challenge: Critical Resistance, DXY Drop, and Whales in Motion

News:

On April 23, 2025, the cryptocurrency market is at a decisive crossroads. Bitcoin (BTC) has retested the $93,000–$94,000 zone, getting closer to the psychological and technical resistance at $95,000—a barrier it has not surpassed since January.

From a technical standpoint, the price remains above the 20-day EMA on the daily chart, a sign of bullish momentum. Additionally, the RSI is at 61 with no overbought warnings, suggesting that there is still room for an upward push without severe pullbacks.

What is driving this silent rally?

First, the DXY (U.S. Dollar Index) has weakened for the third consecutive day, acting as a catalyst for the strength of cryptocurrencies—traditionally, a weaker dollar correlates with a stronger Bitcoin. Furthermore, open interest in BTC futures increased by 6.3%, indicating renewed institutional appetite.

Meanwhile, Santiment data shows accumulation by wallets holding more than 10,000 BTC, suggesting strategic accumulation before a potential breakout. Transactions above 100 BTC increased by 18% in the last 48 hours.

Key levels to watch:

• Critical resistance: $95,000 – both a technical and psychological ceiling. A decisive breakout could target $101K–$105K.

• Key support: $89,000 – aligns with the 50-day EMA and the 38.2% Fibonacci retracement.

• Daily MACD: just crossed bullish, another sign of strengthening momentum.

In conclusion, the market is on a knife's edge. If Bitcoin can hold above $95,000 with increasing volume, we could see a parabolic move. But beware: whales are on the move, and the market does not forgive those who are caught off guard.