Bitcoin (BTC) Faces Critical Test: Will it Break $100,000?

Updated

April 28, 2025

Gambar Bitcoin (BTC) Faces Critical Test: Will it Break $100,000?

Jakarta, Pintu News – Bitcoin is currently at a critical zone that could determine the direction of its movement in the short term. With prices hovering around the $94,500 area, Bitcoin (BTC) has made several attempts to break out of this zone during its recent rally, but has always faced rejection indicating strong resistance.

Heavy Resistance in the Range of $94.125 to $99.150

#Bitcoin $BTC faces heavy resistance between $94,125 and $99,150, where 2.61 million wallets accumulated 1.76 million BTC. A critical zone to watch! pic.twitter.com/FJoojPs4P4
— Ali (@ali_charts) April 26, 2025

According to crypto analyst Ali Martinez, who cited data from on-chain analytics platform IntoTheBlock, Bitcoin (BTC) is facing heavy resistance between $94,125 and $99,150. The post on social media platform X shows that approximately 2.61 million wallet addresses have accumulated around 1.76 million Bitcoin (BTC) in this zone. This creates one of the densest supply barriers Bitcoin (BTC) has faced in the current market cycle.

Around 1.26 million addresses held nearly 843,000 Bitcoin (BTC) between $94,125 and $96,582, while another 1.35 million addresses accumulated between $96,582 and $99,146, totaling around 917,000 Bitcoin (BTC). This concentration of holders creates a strong wall that Bitcoin (BTC) must decisively break through if it wants to continue its rise next month.

Also Read: Dogecoin’s New Breakthrough: Predicted Price Increase to $0.25!

Bitcoin (BTC) Bullish Structure Still Intact

#Bitcoin $125,000 Inverse H&S Target Still in Play 📈 pic.twitter.com/uZ9XakbxAw
— Titan of Crypto (@Washigorira) April 26, 2025

Although the $94,000 to $99,000 resistance zone poses a short-term challenge, technical patterns suggest that the Bitcoin (BTC) rally has just begun. The leading crypto analyst, known as the Titan of Crypto, reiterated that Bitcoin’s (BTC) long-term price target of around $125,000 is still valid.

This target comes from the large Inverse Head and Shoulders (H&S) pattern identified on the Bitcoin (BTC) monthly candlestick chart. The chart shows a clear breakout above the neckline of the Inverse H&S formation earlier this year when Bitcoin (BTC) reached its current record high of around $108,790. Since then, the price action was followed by a strong holding retest above the support trendline on the monthly timeframe.

Downside Potential if Failure to Break Through

If Bitcoin (BTC) fails to break this zone on a repeat basis, there could be a retest of the lower support levels around $93,000 and $84,000. These levels also have significant Bitcoin (BTC) volume, with 678,000 BTC and 759,150 BTC respectively.

Repeated failure to break the upper zone could trigger a significant price drop, which would test investors’ resilience and support for Bitcoin (BTC). This will be a critical moment that determines whether Bitcoin (BTC) will return to a bullish trend or experience a further decline.

Conclusion

With all these indicators and analysis, the Bitcoin (BTC) market is currently at a very crucial point. Investor decisions and market movements in the next few days will largely determine the future direction of the Bitcoin (BTC) price. Will Bitcoin (BTC) break through resistance and reach the $100,000 target, or will it decline? Only time will tell.

Also Read: Can Dogwifhat (WIF) Reach $1? FOMO is the main trigger!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.