• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BTC and Key Resistance: Challenges and Potential Scenarios

user avatar

by Giorgi Kostiuk

4 months ago


Bitcoin is at the threshold of a significant price zone where it may face resistance from large holders.

Current Price Situation

Bitcoin's current price is $95,063.69. In this range, a significant number of wallets acquired about 2.28 million BTC, creating strong resistance between $95,090 and $99,800. According to data from IntoTheBlock, these levels can create more selling pressure than buying pressure.

Potential Development Scenarios

If Bitcoin surpasses $99,800, it may signal strong buying momentum, potentially leading to a price rise towards psychological levels like $105,000. However, failure could lead to a correction towards the $92,000–$94,000 support zone. Data shows that 78% of BTC holders are 'Out of the Money,' while only 21.91% are 'In the Money,' highlighting risks and potential selling pressure.

Market Impact and External Factors

The outcome of Bitcoin's attempt to breach the $95,090-$99,800 resistance zone could influence the cryptocurrency market as a whole. Altcoins often follow Bitcoin's movement, so a breakout or rejection could shift trading sentiment. External factors, such as Federal Reserve policies and global economic conditions, may also impact Bitcoin's trajectory.

Bitcoin's current movements indicate a significant battle between bulls and bears. Everyone is watching to see if Bitcoin can break through resistance or enter a consolidation period.

0

Share

Other news

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

a few seconds ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

17 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

17 minutes ago

Raphael Coin Unveils Tokenized Renaissance Piece: A New Era for Art

Raphael Coin has launched the token 'Recto: Study for the Battle of the Milvian Bridge', offering fractional ownership of a Renaissance artwork.

user avatarGiorgi Kostiuk

17 minutes ago

MAGACOINFINANCE: New Opportunities and Growth Predictions

Analysis of the growing interest in MAGACOINFINANCE and the opportunities it offers against other cryptocurrencies.

user avatarGiorgi Kostiuk

19 minutes ago

Altcoin Market Overview: Shiba Inu, Hedera, and Emerging Player Web3 ai

Examining the current state of Shiba Inu and Hedera altcoins, along with the prospects of Web3 ai amidst market changes.

user avatarGiorgi Kostiuk

an hour ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.