- 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.
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