$ETH The next big resistance for Bitcoin would be USD 95K: what would trigger the breakout?

The decline in Bitcoin exchange inflows, the growing demand for ETFs, and other bullish factors could push BTC's price above the next major hurdle at USD 95,000.



Market Analysis

Key takeaways:

Spot Bitcoin ETF inflows reach their highest since January 2025.

Exchange inflows drop to levels last seen in December 2016.

Negative funding rates for Bitcoin could lead to a contraction of short positions.

BTC is above major moving averages, which may now provide support.

The price of Bitcoin

BTC

€82,671

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 drop to test support levels below.

"The USD 94K- USD 95K zone is clearly the resistance to break," said Swissblock in a post on April 24 on X.

The onchain data provider stated that the next logical move for Bitcoin would be a pullback to the USD 90,000 zone to gain momentum for a higher move.

"The USD 89K- USD 90K zone could be the next to test the bulls, but with the strength of BTC's structure, these drops are for buying."

BTC/USD pair chart. Source: Swissblock

Popular Bitcoin analyst, AlphaBTC, opined that the asset will likely consolidate in the USD 93,000 - USD 95,000 range "before pushing upward to take liquidity above 100K."

Source: AlphBTC

Several bullish signals suggest that BTC is well-positioned to break above USD 95,000 in the coming days or weeks.

Surge in Bitcoin ETF demand