The next major resistance for Bitcoin would be USD 95K: What could trigger the breakout?
The decrease in Bitcoin exchange inflows, the growing demand for ETFs, and other bullish factors could drive the price of BTC above the next major hurdle at USD 95,000.
Bitcoin reached a new high at USD 94,700 on April 23, its highest value since March 2.
Several analysts claim that the next psychological resistance remains at USD 95,000, and that the price could fall to test support levels below.
"The USD 94K- USD 95K zone is clearly the resistance to beat," said Swissblock in a post on April 24 on X.
The on-chain data provider stated that the next logical move for Bitcoin would be a pullback towards the USD 90,000 zone to gain momentum for a higher move.
