Bitcoin Price Targets $95,500 Resistance Zone
- Bitcoin is trading above $94,000 and the 100 hourly Simple Moving Average.
- Immediate resistance is near the $95,000 level with a bearish trend line forming.
- The first key resistance is at $95,250; the next could be $95,500.
- A close above $95,500 might push the price to test the $96,500 level.
- Major support levels are at $94,500 and $93,500.
Bitcoin’s price is currently above $94,000 and faces immediate resistance near the $95,000 level. Clearing the key resistance at $95,500 may lead to further gains toward the $96,500 mark.
Source (2.6)https://www.newsbtc.com/analysis/btc/bitcoin-price-rally-incoming-95k/?rand=52377