The next major resistance level for Bitcoin is $95,000— What will trigger the breakout?

Capital inflow into Bitcoin exchanges is decreasing, ETF demand is picking up again, and other bullish factors may drive the price of BTC above the next major resistance level of $95,000.

Key points to remember:

Capital inflow into spot Bitcoin ETFs reached the highest level since January 2025.

The amount of money flowing into exchanges has fallen to the lowest level since December 2016.

Negative funding rates for Bitcoin could trigger short selling.

BTC is above key moving averages, which may currently provide support.

Bitcoin's price rose to a new high of $94,700 on April 23, the highest price since March 2.

Some analysts suggest that the next psychological resistance level remains at $95,000 and the price may drop to test lower support levels.

"Clearly, the $94,000–$95,000 range is the resistance that needs to be overcome," Swissblock said in a post on April 24 on X.

The on-chain data provider asserts that the next logical move for Bitcoin will be a pullback to the $90,000 range to build momentum for the next rally.

"The $89,000–$90,000 area could be the next testing ground for buyers, but with BTC's structural strength, these dips are opportunities to buy in."

Renowned Bitcoin analyst AlphaBTC believes that this asset is likely to stabilize in the $93,000 - $95,000 range "before moving higher to push liquidity above $100,000."