{"id":51646,"date":"2025-05-01T10:25:53","date_gmt":"2025-05-01T10:25:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rally-eyes-100k-with-strong-support-near-95k\/"},"modified":"2025-05-01T10:25:53","modified_gmt":"2025-05-01T10:25:53","slug":"bitcoin-rally-eyes-100k-with-strong-support-near-95k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rally-eyes-100k-with-strong-support-near-95k\/","title":{"rendered":"Bitcoin rally eyes $100K with strong support near $95K"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/digital-assets-bitcoin-inflows-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/digital-assets-bitcoin-inflows-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/digital-assets-bitcoin-inflows-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/digital-assets-bitcoin-inflows-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>649,600 BTC bought between $95,193\u2013$97,437.<\/li>\n<li>Support worth $61.6B could protect BTC from dips.<\/li>\n<li>Key downside support lies at $93,625 and $91,521.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"60\" data-end=\"777\">Bitcoin is showing signs of a sustained recovery after weeks of consolidation, with technical indicators suggesting a possible move towards the $100,000 mark.<\/p>\n<p class=\"\" data-start=\"60\" data-end=\"777\">Recent on-chain data and trading patterns hint at renewed bullish sentiment as investors hold their positions, potentially creating strong support at current levels.<\/p>\n<p class=\"\" data-start=\"60\" data-end=\"777\">As central banks maintain cautious policy stances and institutional interest in crypto remains elevated, Bitcoin is once again emerging as a focal point for traders seeking high-upside opportunities.<\/p>\n<p class=\"\" data-start=\"60\" data-end=\"777\">This rebound also coincides with a broader uptick in risk assets, highlighting renewed optimism in global financial markets and reinforcing Bitcoin\u2019s role as a barometer of investor sentiment.<\/p>\n<h2 class=\"\" data-start=\"590\" data-end=\"634\">MVRV bounce mirrors past bull cycle setup<\/h2>\n<p class=\"\" data-start=\"636\" data-end=\"1001\">The Market Value to Realized Value (MVRV) ratio, a critical indicator for Bitcoin\u2019s market cycle, has rebounded off the mean value of 1.74. Historically, this level has marked the early stages of major price rallies.<\/p>\n<p class=\"\" data-start=\"636\" data-end=\"1001\">A similar trend was observed in mid-2024 when a bounce off this level was followed by a sharp surge in BTC prices during the yen carry trade unwind.<\/p>\n<p class=\"\" data-start=\"1003\" data-end=\"1273\">That move saw Bitcoin hit a temporary peak before entering a period of correction. The current rebound off the same ratio level suggests a bullish setup may be underway again. The market\u2019s structure appears to be repeating, with the MVRV ratio acting as an early signal.<\/p>\n<h2 class=\"\" data-start=\"1275\" data-end=\"1335\">$61.6B in BTC creates price cushion between $95K and $97K<\/h2>\n<p class=\"\" data-start=\"1337\" data-end=\"1697\"><a href=\"https:\/\/app.intotheblock.com\/coin\/BTC\">According to<\/a> IntoTheBlock\u2019s In\/Out of the Money Around Price (IOMAP) model, around 649,600 BTC were purchased between $95,193 and $97,437. At current prices, this holding represents a value of over $61.6 billion.<\/p>\n<p class=\"\" data-start=\"1337\" data-end=\"1697\">This accumulation zone is critical because it provides a solid support base for Bitcoin if current holders avoid selling prematurely to break even.<\/p>\n<p class=\"\" data-start=\"1699\" data-end=\"2022\">Historically, when such large volumes are held within a narrow range, it either forms a strong support floor or becomes a resistance if sentiment weakens.<\/p>\n<p class=\"\" data-start=\"1699\" data-end=\"2022\">In this case, the bullish setup is strengthened by the assumption that holders are in no rush to sell, especially with Bitcoin nearing the psychological $100,000 level.<\/p>\n<p class=\"\" data-start=\"2024\" data-end=\"2335\">The high level of demand within this range may act as a springboard.<\/p>\n<p class=\"\" data-start=\"2024\" data-end=\"2335\">If BTC climbs above $97,437, this zone may flip into lasting support, further boosting bullish momentum.<\/p>\n<p class=\"\" data-start=\"2024\" data-end=\"2335\">However, if investor sentiment shifts and selling pressure increases, this support could break, changing the market\u2019s short-term outlook.<\/p>\n<h2 class=\"\" data-start=\"2337\" data-end=\"2381\">Bitcoin price eyes breakout above $95,761<\/h2>\n<p class=\"\" data-start=\"2383\" data-end=\"2678\">Bitcoin is currently trading at $95,429, showing signs of a steady short-term uptrend over the past three weeks.<\/p>\n<p class=\"\" data-start=\"2383\" data-end=\"2678\">The key level to watch in the near term is $95,761.<\/p>\n<p data-start=\"2383\" data-end=\"2678\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-303375\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/cva.jpg\" alt=\"\" width=\"1507\" height=\"542\"\/><\/p>\n<p data-start=\"2383\" data-end=\"2678\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\">CoinMarketCap<\/a><\/p>\n<p class=\"\" data-start=\"2383\" data-end=\"2678\">BTC has been consolidating just below this resistance zone for about a week, and a breakout could trigger a rally towards $98,000.<\/p>\n<p class=\"\" data-start=\"2680\" data-end=\"2960\">The current price action suggests that BTC is attempting to secure $95,761 as support. If successful, this would open the way for a move to $98,000 and eventually $100,000.<\/p>\n<p class=\"\" data-start=\"2680\" data-end=\"2960\">These levels are both psychologically significant and technically relevant due to previous market activity.<\/p>\n<p class=\"\" data-start=\"2962\" data-end=\"3254\">On the downside, failure to hold $93,625 could send BTC down to $91,521.<\/p>\n<p class=\"\" data-start=\"2962\" data-end=\"3254\">A fall below this support would invalidate the current bullish trend and signal a possible return to market indecision.<\/p>\n<p class=\"\" data-start=\"2962\" data-end=\"3254\">Traders are closely monitoring price behaviour near these levels for confirmation of the next move.<\/p>\n<h2 class=\"\" data-start=\"3256\" data-end=\"3299\">Technical setup favours short-term gains<\/h2>\n<p class=\"\" data-start=\"3301\" data-end=\"3579\">The ongoing price movement reflects rising investor confidence, backed by a mix of technical and on-chain indicators.<\/p>\n<p class=\"\" data-start=\"3301\" data-end=\"3579\">The MVRV ratio\u2019s bounce, large-scale buying at key price zones, and a visible uptrend in trading activity all contribute to a positive sentiment around Bitcoin.<\/p>\n<p class=\"\" data-start=\"3581\" data-end=\"3923\">If momentum holds, the resistance zone between $97,437 and $98,000 could soon be tested.<\/p>\n<p class=\"\" data-start=\"3581\" data-end=\"3923\">Breaking through it would not only affirm the bullish thesis but also bring the $100,000 target within realistic reach.<\/p>\n<p class=\"\" data-start=\"3581\" data-end=\"3923\">However, any signs of reversal will require caution as sentiment remains sensitive to macroeconomic cues and regulatory developments.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-nears-100k-as-61-6b-support-zone-strengthens-around-95k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) 649,600 BTC bought between $95,193\u2013$97,437. Support worth $61.6B could protect BTC from dips. Key downside support lies at $93,625 and $91,521. Bitcoin is showing signs of a sustained recovery after weeks of consolidation, with technical indicators suggesting a possible move towards [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":51647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51646"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51646"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51647"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}