#BTCRebound $BTC
$BTC #BTCRebound Bitcoin Reclaims $95K – What’s Next? | 4H Technical Analysis
Bitcoin has once again breached the $95,000 mark after a period of steady upward momentum, currently sitting at $95,910. The 4-hour chart reveals some key technical signals that suggest we may be nearing a critical moment for BTC.
☆ Technical Highlights:
MA Support: Price is riding close to the 7 MA ($96.5K) and 25 MA ($95.7K), which have supported the uptrend since early April. The 99 MA at $91.7K remains a strong structural support.
Recent High: BTC reached $97,895, and though a slight pullback is underway, the structure remains bullish.
Volume: Currently low, indicating a consolidation phase or potential cooling off before the next move.
RSI (not shown but implied): Likely nearing the overbought zone, indicating that short-term correction is possible.
☆ Possible Scenarios Ahead
1. Bullish Continuation
If BTC consolidates above $95K and breaks $98K with volume, we could see a push toward the psychological $100K mark.
Look for volume spikes and strong candle closes above $97.9K to confirm breakout momentum.
2. Short-Term Pullback
A correction to the $93.9K – $91.7K support zone is possible, especially if BTC fails to close above the 7 and 25 MA.
This would still be healthy for the trend, giving buyers a chance to re-enter.
3. Breakdown Risk
If $91.7K (99 MA) fails, BTC could revisit $88K or even $83K, though current momentum doesn’t suggest a breakdown unless macro news triggers it.
☆ Conclusion
Bitcoin's return to $95K signals strength, but the lack of volume and small pullback from the recent high hints at short-term caution. The market seems poised for either a consolidation before breakout or a healthy dip—both scenarios that long-term bulls might welcome.
Keep an eye on $97.9K resistance and $91.7K support—they will define BTC’s direction in the coming days.
Tell me your thought about how BTC will going foward!