Bitcoin’s price trajectory hangs in the balance as the cryptocurrency faces a critical test at the $95,000 level, with analysts divided on whether the recent 22% decline from all-time highs signals the end of the bull run or a temporary correction. Despite the price struggles at $84K, whale wallets have reached a 4-month high, suggesting strong institutional confidence remains.
The $95K Golden Pocket: A Critical Decision Point
Prominent crypto analyst @ChartingGuy has identified the $95,000 level as the decisive threshold for Bitcoin’s next major move. This price point coincides with the 0.618 Fibonacci retracement level – commonly known as the “golden pocket” – and previously served as strong support throughout February before becoming resistance in early March.
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Market Indicators Flash Warning Signs
Analyst @wauwda presents a more bearish outlook, citing multiple technical indicators showing concerning signals:
- Bearish Stochastic RSI cross
- Bearish MACD cross
- Bearish RSI divergence
- MSTR showing lower highs
- Altcoins displaying higher highs (potential market euphoria)
Signs of Market Euphoria
Several recent events mirror the euphoric conditions seen before previous market tops:
- Tron founder’s $6.2M banana purchase
- Coinbase’s mass Bitcoin giveaway at Warriors game
- Surge in crypto education programs
- Dogecoin surpassing traditional companies in market cap
- Peter Schiff’s unexpected Bitcoin reserve announcement
Key Price Levels to Watch
Current support and resistance levels:
- Major resistance: $95,000 (golden pocket)
- Current price: $84,206
- Recent local low: $76,700
FAQ
Is the Bitcoin bull run really over?
The market remains divided, with technical indicators suggesting caution while whale accumulation continues to show institutional confidence.
What happens if Bitcoin breaks above $95K?
A successful break and hold above $95K could trigger renewed bullish momentum through Q2 2025.
How low could Bitcoin go if $95K resistance holds?
Previous support at $76,700 serves as the immediate downside target, with further support levels needing to establish on a deeper correction.