Home Bitcoin News Bitcoin Bulls Regain Control: Price Hits $95K, Eyes $104K Resistance

Bitcoin Bulls Regain Control: Price Hits $95K, Eyes $104K Resistance

Bitcoin Bulls

Bitcoin (BTC) is showing renewed strength this week, delivering a performance that has caught the attention of market participants and analysts alike. The leading cryptocurrency is steadily pressing higher, reclaiming levels not seen since earlier this year. One of the most prominent voices in the trading community, known by the pseudonym DonAlt, summed up the sentiment with a simple yet confident phrase: “We love to see it.”

As of Thursday, Bitcoin is trading near $95,650 after opening the week around $93,723. The modest but consistent climb represents more than a 2% gain and signals that bullish momentum is returning to the market. This follows a decisive breakout above the $90,787 mark last week — a key resistance level that had held the price in check for some time. Breaking through it has re-energized bulls and created optimism that the market may be on track to test even higher levels.

Bitcoin’s recent move has been particularly notable for its lack of drama. Unlike previous rallies that were marked by extreme volatility and rapid price swings, this week’s rise has been clean, steady, and largely free of the kind of parabolic behavior that typically triggers quick reversals. Technical analysts often view this type of upward movement — defined by gradual increases and low drawdowns — as more sustainable and potentially longer-lasting.

Market watchers are now focused on the $104,000 to $108,000 zone, which marks the top of Bitcoin’s last major market cycle. That area has not been revisited in months, and many see it as a critical test. If Bitcoin can clear this range with conviction, it may find itself in largely uncharted territory with little overhead resistance, potentially paving the way toward new all-time highs. However, this level is also a logical area for traders to take profits, meaning the risk of short-term rejection remains on the table.

Still, current technical indicators are encouraging. Bitcoin has respected prior resistance levels, which have now turned into reliable support. This flip in market structure is often interpreted as a confirmation of bullish intent, and as long as the price remains above these reclaimed zones, traders have reason to remain optimistic. Additionally, there are no strong signs of weakness on the chart. Momentum remains firmly to the upside, and dips have been shallow and short-lived.

The broader sentiment around Bitcoin also reflects growing confidence. After months of sideways movement and uncertainty in the wake of macroeconomic shifts and regulatory noise, this return to a more clearly defined uptrend is welcomed by traders. It also coincides with increased discussions among institutional investors, who are watching for signs that Bitcoin may be ready to lead a broader digital asset recovery.

Looking ahead, the close of the weekly candle will be a pivotal moment. Should Bitcoin hold near its current levels or climb further before the week’s end, it would mark a strong continuation signal for bulls. This would set the stage for more aggressive moves in the weeks ahead, particularly if the price can challenge and break through the $104,000 resistance zone.

However, analysts are urging caution. While momentum favors the bulls, market structure must remain intact, and any move above resistance must come with volume and follow-through to be considered a true breakout. If price stalls or reverses near that level, it could signal exhaustion and open the door to a short-term correction.

For now, though, the outlook remains bullish. Bitcoin’s ability to maintain upward pressure without excessive volatility is a welcome change for many traders who prefer a more controlled environment. As the market heads into the weekend, all eyes will be on whether this rally has the strength to carry Bitcoin into a new phase of its bull cycle.

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MikeT

Mike T, an accomplished crypto journalist, has been captivating audiences with her in-depth analysis and insightful reporting on the ever-evolving blockchain and cryptocurrency landscape. With a keen eye for market trends and a talent for breaking down complex concepts, Mike's work has become essential reading for both crypto enthusiasts and newcomers alike. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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