Final Key Resistance Level Before New All-Time High

By: cryptosheadlines|2025/05/02 18:30:02
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin has reclaimed bullish control after breaking through a major resistance at $95K. However, all eyes are now on the looming psychological barrier at $100K, a critical level that could either trigger profit-taking or act as a springboard toward new all-time highs.Technical AnalysisBy ShayanMarketsThe Daily ChartBTC’s recent breakout above the decisive $95K resistance marks a key technical and psychological victory for the bulls. Following a brief consolidation period around this level, renewed buying pressure drove the price firmly higher, signaling the continuation of the bullish trend that began after the correction phase earlier this year.This breakout is a notable bullish development, as the $95K level had previously capped Bitcoin’s advances and aligned with prior swing highs. However, the focus now shifts to the $100K resistance zone, a round number that historically carries significant psychological weight. It is likely to be filled with latent sell orders, take-profit triggers, and institutional distribution, all of which could temporarily stall or reverse upward momentum.If bulls manage to breach this psychological barrier decisively, it would likely result in a strong continuation rally, with the next logical target being Bitcoin’s all-time high at $109K.The 4-Hour ChartOn the 4-hour timeframe, Bitcoin initially paused at the $95K resistance, forming a sideways consolidation structure indicative of supply absorption. However, this consolidation was short-lived, as new demand flooded the market, resulting in a clean breakout above $95K, confirming buyers’ dominance and the validity of the prior breakout.Despite the strength of this move, the $100K mark now stands as the next major challenge. This level not only aligns with psychological resistance but also coincides with a prior major swing high, increasing its technical relevance.Should BTC fail to overcome $100K on its first attempt, profit-taking and smart money distribution could trigger a rejection and a corrective pullback toward the $90K support zone, where the 100 and 200-day moving averages currently provide structural reinforcement.Alternatively, the more probable short-term scenario is a consolidation phase below $100K, allowing the market to accumulate momentum before a potential breakout toward the $109K ATH.On-chain AnalysisBy ShayanThe Taker Buy/Sell Ratio is a key on-chain metric that measures the ratio of market buy orders to market sell orders on exchanges such as Binance.In the latest reading, the Taker Buy/Sell Ratio has spiked sharply, reaching the highest level observed within the recent months. This surge suggests that market participants are increasingly executing market buy orders, reflecting a shift from passive accumulation to aggressive entry at market prices.Such behaviour typically occurs when investors and traders are confident in an imminent price increase or fear missing out on a rally, classic signs of strong bullish sentiment. The spike on the ratio chart highlights an influx of taker buy volume, confirming that buyers are actively chasing price, rather than waiting for lower entries. This behavioural shift often precedes strong upward momentum in price action, especially when coupled with rising open interest and positive price structure.SPECIAL OFFER (Sponsored)Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.Cryptocurrency charts by TradingView.Source link

-- Price

--

You may also like

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026

MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.

Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million

Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com