Bitcoin (BTC) Surges, Breaks the $95,000 Critical Boundary! Upside Potential and Resistance

Jakarta, Pintu News – Bitcoin has recently started a sharp rise from the $78,000 support zone, showing the potential to reach critical levels above $95,000 in the near future.

Bitcoin (BTC) Price Strengthening

After dipping below the $80,000 level, Bitcoin (BTC) has managed to catch the attention of buyers. The cryptocurrency bottomed out at $78,011 before starting a significant rise. On the move, Bitcoin (BTC) managed to break the $85,000 and $88,000 resistances, and surged more than 10% past the $90,000 level.

Currently, Bitcoin (BTC) is in a consolidation phase after trying to break the $95,000 resistance. Bitcoin (BTC) price is now above $92,000 and the 100-hour simple moving average. There is also a bullish trend line formed with support at $89,750 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $94,000 level, with the first key resistance at $95,000.

Also Read: Why is Ripple Still Fighting in Court Despite SEC Dropping Another Crypto Case?

Upside Potential and Critical Resistance

If Bitcoin (BTC) manages to break the $95,000 resistance, the currency could test the next resistance at $96,500. A close above this level might push the price even higher. In that scenario, Bitcoin (BTC) could try to break $98,500, and if momentum remains strong, the price could approach or even cross $100,000.

The next resistance after $96,500 is $98,500, which if successfully crossed, will open up opportunities towards $100,000 or even $100,500. This rise will be an important moment for Bitcoin (BTC) in reaching new highs.

Support for Price Reduction

If Bitcoin (BTC) fails to break through the $95,000 resistance zone, there is a possibility of a fresh decline. Immediate support is near the $92,000 level, with the next major support at $90,000. Further support is at the $88,500 zone, which is the 50% Fib retracement of the upside move from $84,500 to $95,000.

Losing this support could push Bitcoin (BTC) price towards support at $87,000 in the short term. Major support is at $85,500, which will be key to maintaining the long-term bullish trend.

Conclusion

With strong technical support and increasing momentum, Bitcoin (BTC) shows significant potential to reach and even cross the $100,000 level. Investors and traders should monitor key resistance and support levels to make informed decisions on their investments.

Also Read: XRP Faces Hurdle at $2.4: Can Bulls Break Through? (4/3/25)

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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.

Reference

• NewsBTC. Bitcoin Surges with Positive Bias, $95K in Sight. Accessed on March 4, 2025
• Featured Image: The image created by AI