- Bitcoin is holding a strong support trend just under $95K as buyers stay active
- A key resistance zone between $95K and $96K is limiting any strong upward move
- The market is waiting for a clear breakout or drop before taking the next step
Bitcoin is currently consolidating just under the $95,000 resistance level, forming an ascending triangle on the 2-hour chart. A potential breakout looms as bullish momentum builds, driven by Ichimoku Cloud support and upward price structure. Traders remain cautious, awaiting a decisive move that could shape Bitcoin’s next major trend.
Technical Setup Signals Pressure Mounting
The chart shows BTC/USDT trading in a tight range, supported by an ascending trendline that has held firm since April 22. Prices have made multiple attempts to break above the $95,000 mark but continue to face rejection near that zone.
A horizontal supply zone between $95,000 and $96,000 has capped upside attempts. Meanwhile, the Ichimoku Cloud suggests a bullish tilt, showing green cloud support beneath current price action. This combination of factors indicates a growing potential for a breakout if buying pressure intensifies.
The pattern forming is a classic ascending triangle, often seen as a bullish continuation setup. Buyers are stepping in at increasingly higher levels, while sellers remain firm at the top. This tightening price range is a textbook signal of impending volatility.
Momentum Builds Beneath Resistance
At the time of analysis, Bitcoin was priced at $94,959.17, having touched a high of $95,180 and a low of $94,932 during the session. Although price action remains constrained, the underlying momentum paints a different picture.
The Ichimoku Cloud indicator reinforces this outlook by showing a thick green support zone that has consistently caught dips. This suggests underlying strength as buyers protect key support zones. Traders interpret this as a potential signal of accumulation beneath a resistance ceiling.
Volume patterns further support this thesis. Despite the narrow range, buying volume appears to increase on each approach to the $95,000 threshold. This implies growing confidence among bulls that a breakout is within reach. However, without a decisive candle above resistance, caution prevails.
Breakout or Breakdown: Which Way Will It Go?
As the chart nears the triangle’s apex, the pivotal question remains: Will Bitcoin break above $95,000 or reject sharply below? A breakout above the horizontal supply zone could spark a sharp rally, with potential to target the $98,000–$100,000 range in short order.
Conversely, a failure to maintain support on the ascending trendline could lead to a breakdown. A close below $94,200 may signal the start of downward movement, with $93,000 and $91,500 as initial targets. The reaction at these levels will likely define Bitcoin’s direction into early May.
Market participants are closely watching this key moment. The symmetrical pattern reflects tightening control between buyers and sellers, building tension before a likely breakout or drop. Traders are positioning accordingly, waiting for confirmation through volume and price action.
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