BITCOIN consolidation or reversal why is 95k impotant
Market Update: Bitcoin Holding Strong Amid Broader Market Weakness
As mentioned earlier, Bitcoin has shown resilience amid broader market declines triggered by Trump-era policies and ongoing tariff tensions. While it's not on par with gold as a traditional safe haven, Bitcoin has remained well above the critical 73K risk zone.
Global trade negotiations continue, with a particular focus on US-China relations. Progress in this area suggests potential easing of tensions, which could support broader market sentiment.
Technical Outlook: On the daily and weekly charts, Bitcoin has broken above trend resistance and moved from the sell zone into a buy zone, attracting renewed interest. Currently, it's consolidating within the 92K–95K range. A recent false breakout at resistance triggered a correction, and we’re now closely watching for where that correction stabilizes—this will help define key support for potential consolidation.
Resistance levels: 95K, 100K, 102.5K
Support levels: 93.5K, 92.9K, 92K, 91K
To break above 95K and aim for 100K+, Bitcoin needs to establish a solid consolidation pattern. At present, such a formation hasn’t developed. The key zone to monitor is 95K–92K. If Bitcoin holds this range and resumes testing the 95K level, we could see a breakout toward 100K. Failure to hold this support may open the door for a deeper correction down to 91K–88K.
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