Crypto

Bitcoin Inches Toward $95K But Faces Rejection Risk – Is a Correction Coming?

Bitcoin (BTC) continued its powerful rally this week, climbing to a fresh local high of $94,696—just shy of the psychologically critical $95,000 level. With BTC posting an impressive 11% gain in just three days, bullish sentiment dominates the market. But with momentum slowing and candles shrinking, analysts are now questioning whether a short-term correction is on the horizon.

Can Bitcoin Break $95K or Will It Reverse?

Bitcoin is currently trading at a pivotal resistance zone, aligning with a key Fibonacci retracement cluster. A daily close above $95,000 is crucial to sustain this bullish trend. If BTC fails to break and hold above this level, it could trigger a short-term pullback, potentially dragging prices back down toward the $82,000 region.

Key indicators to watch:

  • Price action: Must close decisively above $95K
  • RSI: Should avoid forming lower highs
  • Volume: Needs to remain above the 30-day moving average

Failure on any of these fronts could spark a bearish retracement.

Technical Overview: Macro Trend Still Positive

Despite near-term risks, Bitcoin’s longer-term outlook remains bullish:

  • BTC continues to trade above the weekly TBO Cloud
  • Weekly RSI is trending upward
  • OBV (On-Balance Volume) is nearing a breakout above its moving average
  • However, Volume remains a concern—fresh inflows are needed to fuel the next leg up

Shorter timeframes such as the 4-hour chart do not yet show reversal signals, but BTC is encountering historical resistance zones, which may lead to consolidation or a brief dip.

Ethereum and Altcoins: Gaining but Vulnerable

Ethereum (ETH) has closed its CME gap and entered the daily TBO Cloud with positive RSI and OBV momentum. However, a daily TBO Close Short is yet to confirm.

Among altcoins:

  • Solana (SOL) is outperforming ETH, targeting resistance near $184
  • SUI has surged 40% this week
  • Litecoin (LTC) is approaching resistance at $90
  • DOT, NEAR, AAVE are flashing reversal signals

Meme coins like TRUMP, BRETT, and FARTCOIN continue their speculative surge, posting double-digit gains driven by social hype and crypto community buzz.

Total Crypto Market Cap and BTC Dominance

The TOTAL crypto market cap chart showed a sudden drop in TBO Resistance from $3.65T to $2.89T, suggesting a short-term top could be forming. Meanwhile, Bitcoin dominance remains strong above the daily TBO Cloud, signaling BTC-led momentum may continue—at least for now.

What’s Next for Bitcoin?

BTC’s rally is impressive, but approaching $95K, the market is at a make-or-break point. If Bitcoin fails to break out convincingly, a pullback to $82K may be imminent. Traders should watch for signs of weakening momentum, especially shrinking candle sizes, falling volume, and bearish RSI divergences.

Final Word

Bitcoin remains in a strong uptrend, but traders should exercise caution near $95K. Secure profits where appropriate, especially on altcoins that have rallied aggressively. If a pullback materializes, it could offer strategic buying opportunities before the next major leg higher.


For more Bitcoin price predictions and crypto analysis, visit www.dailyforex.pk

Hamza Shah

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