The post Bitcoin’s Bullish Fundamentals Face Challenges Ahead, With $95K Highlighted as a Key Resistance Level appeared on BitcoinEthereumNews.com.

Bitcoin fundamentals showcase notable bullish trends, yet potential resistance points could hinder its ascension in the coming weeks. The Bitcoin Bull Index has recently signaled a record high, indicating robust bullish tendencies in the market. Expert analyses suggest that the $95,000 price point may pose a significant risk for further downward movement in Bitcoin’s trajectory. Explore how current indicators suggest Bitcoin’s bullish momentum may face challenges, with key resistance points emerging in the market. Understanding Bitcoin’s Current Bullish Outlook Bitcoin’s current bullish stature is illuminated by the Bitcoin Bull Score Index, which assesses essential market metrics such as price momentum and liquidity. This index typically indicates a bullish market when readings exceed 60, while values below 40 suggest a bearish phase. Currently, Bitcoin’s score of exactly 60 corroborates its upward momentum, making it a focal point for investors. Current metrics from the Fear and Greed Index demonstrate a stable market phase, enhancing the likelihood for Bitcoin’s sustained rally. With a reading of 51, this index showcases healthy buying activities as demonstrated by Bitcoin’s modest 0.63% price increase over the last day. Additionally, a close examination of Exchange Netflow reveals strong buying pressures with investors acquiring $107.89 million worth of Bitcoin, shifting it from exchanges to private wallets. This buying surge accounts for nearly 25% of the previous week’s total purchases, approximately $461.23 million. If demand persists, Bitcoin stands poised for further upward movement; however, identified resistance zones could pose substantial challenges to a sustained rally. Exploring Potential Obstacles Ahead Recent market analyses utilizing indicators like the liquidation heat map, Fibonacci retracement, and In and Out of Money Around Price (IOMAP) point towards the $95,000 price region being a significant barrier. Analysis indicates two critical liquidation thresholds within this span where large sell orders may comprise downward pressure. The thresholds are…

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Filed under: News - @ April 28, 2025 10:20 pm