Kraken Market Watch: Bitcoin Holds Strong Above $94K, Eyes Next Breakout

Bitcoin continues to demonstrate resilience as it maintains its position above crucial support levels, with traders eyeing the next potential push higher. The cryptocurrency has been consolidating above the $94,000 mark, briefly testing resistance near $95,500 before retracing to find solid footing above $93,850. Technical indicators reveal BTC trading comfortably above its 100-hour moving average, reinforcing bullish sentiment despite short-term fluctuations. A recently broken bullish trendline at $94,850 on hourly charts indicates some near-term weakness, but the overall market structure remains fundamentally sound. This stability comes at a time when institutional interest in digital assets continues to grow, particularly on platforms like Kraken that cater to both retail and professional traders. Market analysts are closely watching these key levels as Bitcoin appears to be building energy for its next significant move. The current consolidation phase suggests accumulation by long-term holders, while the maintained support levels indicate strong buyer interest at these prices. With Kraken’s robust trading infrastructure and liquidity, the platform is well-positioned to facilitate whatever direction the market ultimately takes. As we move deeper into 2025, Bitcoin’s performance at these technical levels could set the tone for the broader cryptocurrency market in the coming months.

Bitcoin Price Steady Above Key Levels — Ready for a New Push Higher?

Bitcoin consolidates above the $94,000 support zone, signaling potential for another upward move. The cryptocurrency briefly tested resistance NEAR $95,500 before retracing to find support above $93,850.

Technical indicators show BTC trading comfortably above its 100-hour moving average. A broken bullish trendline at $94,850 on hourly charts suggests short-term weakness, but the overall structure remains intact. market participants watch for a decisive break above $95,500 to confirm the next leg higher.

The recent pullback found support near the 50% Fibonacci retracement level of the move from $92,900 to $95,488. This healthy correction follows Bitcoin’s steady climb, with Kraken exchange data showing continued buying interest at key levels.

Ethereum Price Consolidates Near $1,800 as Bulls Eye Upside Break

Ethereum shows resilience after a minor pullback from the $1,850 resistance level. The second-largest cryptocurrency by market cap is now consolidating near the psychologically important $1,800 support zone, with technical indicators suggesting potential for another upward push.

A short-term contracting triangle pattern has formed on ETH/USD charts, with resistance observed around $1,810. Market participants are watching for a decisive break above $1,820, which could open the path toward retesting recent highs near $1,850. The 100-hour moving average at $1,780 continues to provide dynamic support.

The price action mirrors Bitcoin’s recent stability, with both assets demonstrating strength despite intermittent profit-taking. Ethereum’s ability to maintain above $1,745 during the correction signals underlying bullish sentiment among traders.