BTC/USD Technical Update: Key Resistance at $94,650, Breakout Potential

BTC/USD

Prediction: Increase

Bitcoin is currently in a strong uptrend, with a clear formation of higher highs and higher lows. After breaking out of the resistance zone at $88,756, BTC has remained above key EMAs and surpassed the $93,000 level. Although there's slight consolidation around $94,000, the bullish structure remains intact. The RSI is currently above 70, indicating possible short-term correction before resuming the upward trend. 

FUNDAMENTAL ANALYSIS 

Political News and Cybercrime

The recovery of $2.7 million worth of stolen Bitcoin mining rigs at Los Angeles airport highlights the high value and growing demand for mining hardware within the crypto ecosystem. While this event doesn't directly impact BTC price, it underscores Bitcoin’s increasing role in the modern economy and organized crime.

Institutional Inflows and New Companies

Twenty One Capital, a newly launched company led by Jack Mallers and backed by Tether, SoftBank, and Cantor Fitzgerald, has disclosed an initial holding of 42,000 BTC. The firm is challenging MicroStrategy as a dominant Bitcoin investment vehicle, sparking speculative interest from institutional investors.

Shares of Cantor Equity Partners (CEP) surged by 54.2% following the announcement, reflecting high market expectations.

Institutional Momentum

There’s a visible shift from retail investors to national and institutional funds. Sovereign wealth funds, governments (e.g., El Salvador, Bhutan), and corporations like Strategy and MARA continue to accumulate Bitcoin as a hedge against inflation and currency instability.

Market Sentiment

Bitcoin is increasingly being compared to gold for its scarcity and store-of-value characteristics, which is strengthening long-term investor confidence. Its solid position among the top five global assets further supports the ongoing uptrend.

TECHNICAL ANALYSIS

Key Resistance Levels

• $94,650: Recent swing high – a breakout here could open the path to $95,500 or $96,200.
• $95,000 – $97,766: Strong supply zone – critical to monitor if price approaches this region.

Key Support Levels

• $93,000 – $92,000: Short-term support aligned with the ascending trendline and EMAs.
• $88,756: Medium-term support – previously a strong resistance that has now turned into support.
• $85,593: Major support coinciding with a Bullish Order Block (OB) area.

Technical Indicators:

RSI: Currently at 72.41 – in the overbought zone, suggesting a potential short-term pullback.

Volume: Increased significantly during the breakout, followed by accumulation – a positive sign for trend continuation.

Price Action:

• BTC is consolidating above $93,000 after a strong surge. If it holds the $92,000–$93,000 zone and rebounds, short-term targets are $94,650 – $95,500.
• A break below $92,000 could lead to deeper corrections toward $90,500 or $88,800.
• BTC/USD is sustaining a strong uptrend, supported by institutional inflows and favorable macroeconomic context.

 

 

 

 

 

 

 

Disclaimer

Derivative investments involve significant risks that may result in the loss of your invested capital. You are advised to carefully read and study the legality of the company, products, and trading rules before deciding to invest your money. Be responsible and accountable in your trading.

 

RISK WARNING IN TRADING

Transactions via margin involve leverage mechanisms, have high risks, and may not be suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment, so be cautious of those who promise profits in trading. It's recommended not to use funds if you're not ready to incur losses. Before deciding to trade, make sure you understand the risks involved and also consider your experience.