The post Bitcoin Eyes $96K Breakout as Global Liquidity Fuels Rally appeared on BitcoinEthereumNews.com.

Bitcoin is testing $96K resistance, and a breakout could push prices to $101K and beyond. Global liquidity surge and institutional interest are boosting Bitcoin’s growth potential. Negative funding rates often precede market bottoms, suggesting Bitcoin may soon rally. Bitcoin is nearing a critical price point of $96,000, a resistance level that has repeatedly challenged its upward momentum during the consolidation phase. However, sentiment among analysts remains firmly bullish, fueled by a rapidly expanding global money supply.  Crypto analyst Rover stated that “global liquidity is exploding” as the volume of circulating financial capital continues to expand. Digital assets experience increased demand due to rising market liquidity, which in turn boosts Bitcoin prices. The influx of capital into the market creates favorable conditions for Bitcoin to potentially surpass the $96,000 resistance mark during a sustained breakout. Source: X Bitcoin Faces Key Resistance at $96,000 The previous attempts of Bitcoin to surpass the $96,000 resistance level attracted significant attention among investors. The market has shown support at this zone, making it challenging for the price to break through. Related: Crypto Campaign Urges Swiss National Bank to Diversify with Bitcoin Reserves The next major targets for Bitcoin’s upward movement after a potential break of $96,000 will be $101,000, followed by $111,000, suggesting an ongoing bullish pattern. If Bitcoin cannot surpass $96,000, then there exists a possibility that its price will fall. Source: X The movement in Bitcoin’s market sentiment depends largely on funding rates alongside rising liquidity. Funding rates turn negative when the majority of futures traders open short positions, reflecting bearish sentiment. Historically, such periods of negative funding have preceded Bitcoin price increases, indicating that current trends may cause an upward movement. Institutional Interest Strengthens Bitcoin’s Outlook The interest level from financial institutions toward Bitcoin has surged dramatically due to the rising demand…

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Filed under: News - @ April 26, 2025 6:25 pm