Bitcoin Approaches $95K: Is a Breakout Coming?

Bitcoin has held strong above its ascending trendline, with recent tests of the key resistance level around $95,400 signaling potential for a breakout to new highs. While short-term price fluctuations have occurred, bullish trends are evident in Bitcoin’s structure, reflected by higher lows and increasing trading volume. Analysts anticipate a healthy correction into the $85,000 – $90,000 range before further upward momentum. This move aligns with key moving averages, supporting long-term bullish continuation.