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.
Bitcoin
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.
suddenly saw a sharp fall in INIT Coin new airdrop distribution has started. immediately check ed my reward section and immediately sold it 😁 knw this could pump 0.87 am Lil busy and dont want to regret later. usually coin dump hard after unlocking.
BTC Dominance continues to consolidate within a rising wedge pattern and is currently facing rejection from the resistance trendline.
The 21MA is providing support beneath the price action.
A breakdown below both the 21MA and the lower boundary of the wedge would confirm bearish momentum, opening the door for further downside.
This potential breakdown could trigger a strong bullish rally in the altcoin market, as a declining BTC.D often signals capital rotation into altcoins.
It's a key level to watch confirmation of the breakdown may mark the start of a major move across the broader crypto space.
Risky trade closed early but it's ok totally manipulation.
This delisting coin pumping so Hard liquidating all shorts and now it will liquidate all longs also.
but remember shorting this coin with 1x leavage will be good idea but still adjust your position accordingly. this coin will dump for sure but greedy will eat your capital 😉