Bitcoin Hits $95K: Bulls Lock Eyes on $100K as Technicals Flash Green
By [Your Name], Binance Write-to-Earn Contributor
Bitcoin has blasted through the $95,000 mark, confirming a bullish breakout backed by strong volume and textbook technicals.
Technical Breakdown:
Price Action: Clean breakout above $93K with a strong bullish candle and rising volume—momentum-confirmed.
Golden Cross: 50-day MA has crossed above 200-day MA, signaling long-term bullish strength.
RSI: Hovering at 71—suggests overbought territory, but strong trends can sustain above 70 during rallies.
MACD: Positive histogram widening; MACD line remains above signal line, indicating building momentum.
Fibonacci Levels: BTC has cleared the 1.618 Fib extension from the $69K ATH zone—next projected target aligns near $100K.
Bollinger Bands: Price hugging the upper band, confirming trend strength but hinting at potential short-term consolidation.
On-Chain + Macro Fuel:
ETF inflows remain robust, led by Fidelity’s $108M daily spike.
Anticipation around the Bitcoin halving is tightening supply expectations.
Dollar index (DXY) weakness and dovish Fed outlook are pushing institutional capital into crypto.
Key Levels to Watch:
Resistance: $98,500 – $100,000 (psychological and Fib confluence)
Support: $93,000 – breakout zone, then $89,500
Trend Structure: Higher highs and higher lows on daily timeframe intact
Conclusion:
Bitcoin’s rally is not just hype—it’s backed by solid technicals and macro momentum. As long as BTC holds above $93K, bulls remain firmly in control.
