Bitcoin Smashes Through $94K Barrier – Now Hunting Uncharted Price Realms

No more resistance – Bitcoin just bulldozed past the $90K-$94K range like it was a regulatory hurdle at a crypto conference. Traders are scrambling as the king coin charts unknown territory.

What’s fueling the surge? Institutional FOMO, ETF inflows, or just good old-fashioned greed? Doesn’t matter – the charts only care about momentum.

Watch the liquidation heatmaps: Shorts are getting roasted while Wall Street tries to pretend they ‘always believed’ in digital gold. Next stop? The land of made-up price targets and overleveraged degens.

Bitcoin Eyes Price Discovery As Trade Optimism Fuels Bullish Momentum

Bitcoin is trading at a crucial inflection point, hovering above $104,000 as optimism builds around a potential trade deal between the United States and China. With geopolitical tensions showing signs of easing, markets are responding positively, and Bitcoin appears to be benefiting from the renewed risk-on appetite. The surge in price follows a sequence of key breakouts, most notably above the $90K and $100K levels, which bulls reclaimed with conviction over the past two weeks.

The current rally has brought bitcoin to its second-highest weekly close in history, signaling a shift in macro sentiment. The aggressive buying pressure seen recently has flipped previously critical resistance levels into potential support zones. Bitcoin is now preparing to test uncharted territory, with only one major obstacle left—its all-time high around the $109K mark.

Jelle shared a bullish outlook, noting that “Bitcoin ate through $90K–$94K like it wasn’t even there.” He added that the January 20 high is unlikely to hold for long as Bitcoin enters what could be a new phase of price discovery. The combination of technical strength, improving macro conditions, and growing investor confidence creates a solid foundation for further upside.

However, the coming days will be pivotal. If bulls can push decisively above the $105K mark, the likelihood of a breakout toward new highs increases significantly. But if resistance holds, a temporary consolidation could follow. Either way, Bitcoin is on the brink of defining the next chapter in its market cycle—one that could see it reach never-before-seen levels and spark broader momentum across the crypto landscape.

BTC Consolidates Above $104K As Bulls Hold Momentum

The daily chart shows Bitcoin trading firmly above the $104,000 level after a breakout that cleared months of resistance. Following a strong upward MOVE from late April, BTC pushed through key psychological barriers at $90K and $100K, with buyers maintaining control as price action prints higher highs and higher lows. The current structure is forming a textbook bullish continuation, consolidating just below the $105K mark.

The 200-day simple moving average (SMA) and exponential moving average (EMA) continue trending upward, now well below the current price, confirming long-term strength and momentum. Volume has also picked up in recent sessions, supporting the breakout with strong participation from bulls.

Looking ahead, the $105,700 level—tested as the current local high—remains the next hurdle. A clean daily close above this could set the stage for an aggressive move into price discovery territory, potentially targeting the all-time high at $109K. On the downside, immediate support lies at $103,600 and $100K, both recently reclaimed levels that could serve as strong bases if a pullback occurs.

Featured image from Dall-E, chart from TradingView