Bitcoin enters the third phase of liquidity expansion – on the right track of ATH?

Bitcoin trading is above the $95,000 level as the Bulls try to regain control of the six-digit numbers. After a rebound in April’s lows, BTC entered a tightly integrated range of between $92,000 and $96,000, with market participants paying close attention to the decisive breakthrough. Actions above $96K could trigger the next leg, potentially opening the door to the long-awaited test of the $100,000 milestone.

However, macroeconomic risks remain rising. Increasing concerns, coupled with ongoing trade tensions among global powers, have exacerbated uncertainty in the wider market. This makes the upcoming meetings crucial especially for the short-term direction of BTC.

Top analyst Axel Adler shared insights into the development of deeper structural under price action. According to Adler, the market is currently in the third phase of liquidity expansion, which is characterized by increased chain activity, rising exchange flows and new investor participation. His Bitcoin Liquidity Index combines key chain-chain network metrics with standardized exchange data, and it is moving upward. This stage, if persistent, can support breakthroughs and push BTC into unknown territory. The next few days may define whether the breakthrough is implemented or whether BTC continues to range.

Bitcoin improves as liquidity expands to mark a potential breakthrough

Bitcoin continues to lead the cryptocurrency market, and now trading distances below $96,000 as the Bull tries to regain control. After last week’s rebound, momentum remained with BTC, but time was ticking. The Bulls must soon launch more than $100,000 to confirm that the current move is not only a relief rally, but also the beginning of a broader rejoicing phase. Without a decisive breakthrough, the faded momentum can drag BTC back and merge or trigger other corrections.

Despite cautious optimism, Bitcoin still shows resilience. Health retests in the health major support zones are between $90,000 and $92,000, strengthening bullish beliefs. The broader market follows BTC’s lead, and Altcoins begins to wake up at the same time.

Axel Adler backed the bullish paper and noted that Bitcoin is now in the third phase of liquidity expansion, a key turning point related to major price movements. According to Adler, the liquidity index combines all major chain-chain indicators with exchange data. It is important to normalize each component to eliminate distortions in BTC/USD exchange rate volatility, resulting in a clearer understanding of structural market health.

Adler stressed that monthly liquidity readings are rapidly approaching quarterly levels. Without the external “black swan” event derailed, he outlined three possible scenarios: testing the $100,000 level, retesting previous all-time highs, and eventually breaking through new highs. Currently, Bitcoin remains stable, but the rest of the cycle can be defined next.

BTC price outlook: Bulls push to key breakthrough level

Bitcoin is currently trading at $95,800 as the Bulls continue to try to reclaim the higher ground and confirm the next thing about the rally. The direct target is the $96,000-$98,000 area, which has been the main resistance area for the past few days. A clean-up break above this range could be a retest of $100,000, which is considered by many as a threshold for a full-scale market breakthrough.

Market sentiment remains cautiously optimistic and supported by strong chain activity and whale accumulation. However, the battle is not over yet. The Bulls must defend a $90,000 support level to maintain structural strength and avoid ineffective recent uptrends. A drop below this level could trigger short-term weaknesses, pushing BTC to lower demand areas in the region of $85,000 to $88,000.

As long as Bitcoin sells for more than $90K and recoups $96K – $100K, the preference for technology settings continues to new highs. Traders are closely watching signs of increased volume and momentum to confirm the breakthrough. Until then, BTC is still in a critical phase of integration that could trigger the next major move and also stall the current rally.

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