Bitcoin is trading above $97,000, testing the $95K resistance range as traders closely watch potential volatility linked to Federal Reserve rate decisions in May 2025.

The market anticipates significant price movements, with analysts noting the critical nature of the $95K-$98K range. This area could trigger both profit-taking and speculative buying opportunities.

Bitcoin Breaks $97K Amidst Fed Action Speculations

Bitcoin’s resurgence above $97,000 marks a key moment as it tests the $95K-$98K resistance. Traders anticipate volatility influenced by Federal Reserve actions. Market players noted the significant holdings at this price range.

Prominent analysts, including Rekt Capital, underline the Triple Resistance Breakout similarity with 2021 price activity. Material Indicators’ Keith Alan emphasizes the importance of the $93,500 support level in sustaining current trends.

“Bitcoin has repeated mid-2021 price history with a breakout from its range formed by the two Bull Market EMAs.” – Rekt Capital

Price Surge Brings Traders Cautious Optimism

Traders show cautious optimism regarding Bitcoin’s breakout, influenced by potential Federal Reserve rate adjustments. Analysts highlight the proximity to $100K, with market sentiment largely positive but wary of possible pullbacks.

The financial impact of surpassing the crucial $95K resistance includes potential market-wide ripple effects. Key analysts suggest successful retention of support levels could encourage further gains.

2021 Trends Resurface Amid Current Price Movement

The current price movements echo Bitcoin’s mid-2021 recovery, as noted by Rekt Capital, establishing a link with past bullish trends. Analysts suggest this context supports potential further growth.

Experts, analyzing historical data, indicate that sustained momentum in overcoming resistance can drive upward momentum. They emphasize the role of on-chain data and trader actions in shaping immediate market responses.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.

The post Bitcoin Nears $95K as Traders Monitor Fed Rate Changes appeared first on Kanalcoin.

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Filed under: News - @ May 4, 2025 2:26 pm