Bitfinex: Bitcoin Must Hold $95K to Target New Highs
While macro uncertainty continues to cloud the short-term outlook, the report highlights a medium-term bullish biasprovided Bitcoin can hold above this key support.
According to the analysts, a firm base above $95,000 would signal a structural transition into bullish territory. This level marks the lower boundary of a previous three-month range, and reclaiming it could create momentum toward new all-time highs (ATHs).
Consolidation Above $93,340 Seen as Supportive
The report also referenced $93,340Bitcoins short-term conservative cost basisas a secondary support level. Analysts believe that consolidating above this price, while maintaining the $95,000 zone, would strengthen bullish momentum.
Holding $95,000, especially with BTC consolidating above $93,340, could set the stage for a move to new ATHs, the report said.
However, a failure to maintain this zone may flip it into resistance, raising the odds of a short-term rejection and possibly a deeper correction.
Short-Term Volatility Remains a Concern
Despite the medium-term optimism, the Bitfinex team warned that ongoing short-term volatility continues to be a headwind. Market participants are still reacting to shifting macroeconomic signals, including monetary policy moves and regulatory updates.
If macro conditions stabilize in the weeks ahead, analysts believe Bitcoin still has upside potentialbut stress that reclaiming and holding $95K is essential for a sustained move higher.
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Text source: Coindoo
