Bitcoin’s Bullish Squeeze: $100K Target Looms as Technicals Tighten Near $95K

BTC’s price action coils like a spring—classic consolidation before the next leg up. Traders are eyeing the $95K resistance level as the make-or-break pivot point.

Why this matters: A clean breakout could trigger algorithmic buying frenzies and FOMO inflows from latecomers who still think ’digital gold’ is a hedge against inflation (spoiler: it’s not).

The setup? A textbook symmetrical triangle on the daily chart. Volume’s drying up—usually means speculators are loading up before the fireworks. But watch the derivatives market: if open interest spikes while price stalls, prepare for potential liquidation carnage.

Wall Street’s latest Bitcoin ETF flows show institutional players are still nibbling, though anyone who believes pension funds will allocate 5% to crypto deserves their upcoming margin call.

Bottom line: The charts say breakout, the fundamentals say meh, and the Fed’s next rate decision says everything’s a casino now anyway.

• Bitcoin is consolidating in a 4-day range near $95K with bullish momentum.
• An ascending triangle pattern on the 4H chart signals a potential breakout.
• Clearing $95.3K could open the door for a rapid move toward $100K.
• A drop below $92.7K might lead to a short-term pullback into the FVG zone.

Bitcoin consolidates just below key resistance with bullish momentum building. Breakout above $95.3K could trigger a surge toward the $100K liquidity zone.

Bitcoin (BTC) is currently trading within a narrow range, signaling a potential breakout as market momentum remains firmly bullish. At the time of writing, Bitcoin is priced at $94,858, with a 24-hour trading volume up nearly 10% to $27.59 billion and a total market cap of $1.88 trillion.

BTC Consolidation Hints at Major Move Ahead

On the daily chart, Bitcoin is consolidating inside a 4-day price range, reflecting a temporary pause before the next significant price action. While price movement remains subdued, this phase is often a precursor to sharp volatility, especially when paired with rising trading volumes and technical signals favoring bulls.

Technical patterns are aligning in favor of the bulls. On the 4-hour chart, Bitcoin is forming an ascending triangle, a well-known bullish continuation pattern. This setup indicates increasing demand and upward pressure, with buyers gradually pushing higher lows toward a stable resistance.

According to market insights, the key level to watch is the $95,300 resistance. A decisive breakout above this threshold would confirm the pattern and likely propel BTC toward the $100,000 liquidity zone, a level that holds both psychological significance and historical interest.

What Happens if BTC Fails to Break Resistance?

While the outlook is optimistic, traders must consider the downside. A failure to break above resistance, and more importantly, a breakdown below $92,700, could invalidate the bullish setup. In that case, Bitcoin may revisit the Fair Value Gap (FVG) on the chart, offering a potential dip-buying opportunity before any sustained uptrend resumes.

As Bitcoin trades just below resistance, patience remains essential. The market is waiting for confirmation, and any decisive move, either a breakout or a breakdown, will likely dictate the next major direction.

Read More: Galaxy Digital Moves 23,900 ETH to Coinbase, Market Braces for Impact