Bitcoin has shown significant strength on the Daily Timeframe, finally making a decisive move above the key $95,000 level after a successful break and retest. This marks an important milestone, but all eyes are now on the Weekly Timeframe to see if the price can close above this crucial resistance.
With the recent move, Bitcoin has entered a major supply zone, which could trigger selling pressure. As a result, the upcoming week may see a retracement or consolidation phase as the market digests this sharp move.
Traders should watch for signs of support holding above $95,000 and monitor volume and momentum closely to gauge the sustainability of this breakout.
