[ad_1]
- Bitcoin needs to break $95K resistance to remain bullish.
- A failure to reclaim $95K could push Bitcoin toward $76.7K.
- Bitcoin’s future hinges on the next price action around $95K.
Recent price movements in Bitcoin (BTC) have illuminated very important resistance and support points that may determine its price action in the following months. As at now, Bitcoin struggles with a critical price zone: that of $95,000, as at April 1, 2025. The chart analysis denotes that for Bitcoin to keep being bullish, it should break these critical levels.
yes i will flip back to fully bullish if @chrono_chartist does
let me break down why
for that to happen $BTC needs to reclaim and hold $95k, which he has stated many times
i’ll put my 2 cents as to why i believe he thinks that and why i agree
it’s the level that was prior… https://t.co/3OocMYiyBp pic.twitter.com/LNwMF2pHD1
— Charting Guy (@ChartingGuy) April 2, 2025
As illustrated in the chart, Bitcoin’s price has encountered several rejections at the price level of $95,000 over the last few months. So far, this price has posed a significant barrier since early February during which Bitcoin had a short stay above the zone of $95,000 before receiving a rejection at the beginning of March. Not only has this resistance become entrenched in breaking upward momentum but has also been a turning point for price corrections. In terms of perspective, the resistance level happens to be at 0.618 Fibonacci retracement, a very significant technical indicator for establishing potential reversals, as well as continuation of trend.
Major Technical Levels and Fibonacci Analysis
The current market mood regarding Bitcoin reflects a serious influence derived from the Fibonacci retracement levels. Charting price action between the March 11 lows ($76.7k) and subsequent rallies will present an optimistic outlook for bullish continuation, should Bitcoin re-establish the $95,000 level, which conforms beautifully to the 0.618 Fibonacci retracement from recent price swings.
Perhaps, before March 2 rejection, this $95k level was a strong support level all through February. But since the March 2 rejection, it has emerged as a formidable resistance to break. Attempts to break through this resistance zone as shown in the chart have all been failed, hence Bitcoin has kept struggling in this range.
The Fibonacci extension levels give further credence to the rescue of the $95k zone. Indeed, the 0.618 acts both as a major retracement and a resistance point, which means that a failure to break higher could signal a deep corrective move. Per Fibonacci extension theory, it becomes more likely that, with price failing to respect the $95k level, a subsequent drop to the following support line, around $76.7k, occurs.
Price Action and Momentum: Short Predictions
Ultimately, the $95k resistance flipped into support will be the dictate for Bitcoin’s short-term price action. Bitcoin’s price now sits on a neutral to slightly bearish bias, as it shows weakness maintaining higher levels following rejection at the $95k price point. Further downside might drive Bitcoin down toward the significant local low of March 11, which was established at $76.7k.
Interestingly, broad market conditions are also taken into consideration, such as correlations between stocks and Bitcoin. Bitcoin is likely to extend a downward trajectory, should stocks and crypto fail to regain recent momentum in their upturns. A market shift towards bearishness may result in a domino effect, wherein it will also make stock prices fall alongside digital currencies.
[ad_2]
