Bitcoin Price Watch: Key Resistance at $95.5K Holds the Next Bullish Trigger
Bitcoin is consolidating just beneath its recent peak, following a sharp rally that pushed it to the upper bounds of this week’s trading range.
The sustained strength in price action and volume highlights strong bullish sentiment, though key resistance at $95,500 remains a pivotal level to watch.
Across the 1-hour chart, bitcoin shows short-term consolidation between $93,000 and $94,900 with a slight bullish tilt.
The most recent hourly candle closed strong and bullish following a bounce off $91,700 support.
A break and close above $94,500 could signal a fresh upward leg, while a rejection in the $95,000–$95,500 zone may trigger short-term selling pressure.
For traders, aggressive entries above resistance with close monitoring of volume are critical at this juncture.
Alternatively, signs of weakness here could prompt a pullback toward lower support levels.
