Bitcoin Eyes $96,000 Resistance as STH gets profits – Can demand stick to it?

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Bitcoin Eyes ,000 Resistance as STH gets profits – Can demand stick to it?

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Bitcoin is currently trading over $93,000, showing strength after weeks of volatility and consolidation. The latest breakthrough shows that the Bulls are gaining control and momentum tends to continue pushing up. However, macroeconomic uncertainty continues to cause sentiment in the cloud market, and analysts diverged on what will happen next. Some believe this marks the beginning of the recovery phase, while others warn that the worst correction may still exist.

In addition to mixed signals, new data for encrypting wealth also suggests that short-term holders (holders who have been underwater for the past three months) are now actively selling their coins. This wave seems to have temporarily stalled Bitcoin’s upward trajectory, just as the Bulls are trying to reclaim the $95K-$100K area. Historically, this type of short-term holder sales activity tends to occur in fragile optimism moments and may slow growth until stronger belief returns.

Currently, everyone’s eyes are focused on the ability of Bitcoin to remain supportive over $90K and push decisively at the $95K level. Whether the current momentum translates into a full recovery or another obstacle may depend on broader economic development and the increased sales pressure brought by short-term holders.

Bitcoin Investor Eyes $100K in a Situation of Geopolitical Tensions

Bitcoin is currently trading below its all-time high of 14%, but bullish momentum is building as the price steadily approaches the psychological level of $100,000. Market sentiment has improved after recovering from its recent lows – and risks remain. The ongoing trade war between the United States and China has driven global financial markets with growing tariffs and increasing economic pressure. If not resolved, conflicts could limit supply chains and increase volatility, thus leaving investors cautious in both traditional and crypto markets.

Despite these headwinds, optimism about diplomatic resolutions can restore investor confidence and trigger a broader financial recovery. Bitcoin is often seen as a macro hedge and can benefit greatly from this transformation.

Top analyst Axel Adler shared timely insights on X, noting that short-term holders (those who have suffered losses in the past three months) have recently begun selling their positions. The activity temporarily slowed Bitcoin’s growth. However, Adler noted that exchange demand has completely absorbed this sell-off over the past three days, indicating a continued strong market interest.

Bitcoin Short-term Holders Profit and Loss Exchange | Source: Axel Adler on X

The $96,000 level remains a key obstacle. It represents the average entry price for the coin for a short-term holder of 3-6 months, making it a key resistance zone. A clean break above this level could trigger further upside and pave the way for new all-time highs.

BTC price prospects: the key level to watch

Bitcoin is currently trading at $93,700 as the Bull tries to recoup its $95,000 resistance level and expand its recent rally. The momentum remains strong after growing more than 25% since early April, and traders are watching closely to see if BTC can maintain its trajectory for the $1 million milestone. But despite this optimism, some analysts warn that a healthy callback could be organized before further upside space.

BTC Trading Below $95K | Source: BTCUSDT Chart in Trading

Technical indicators show that a retracement in the $89K-$9.1K range may provide higher leg support. If BTC holds above the $92K mark, analysts believe that the possibility of breaking past $95,000 is increasingly likely, as this level is a key obstacle to unlocking new highs.

Conversely, if BTC fails to defend $92,000, a deeper correction can be triggered, potentially returning the price to a 200-day moving average that is close to $88,000, a level that has been acting as a dynamic support zone during the integration period. Currently, the Bulls are still under control, but short-term price action around $92K-$95K may determine whether Bitcoin is ready to speed up or calm down.

Featured images from DALL-E, charts from TradingView

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