The high-level gap between Bitcoin plugging remains positive for 11 days – Can the Bulls maintain it?

Bitcoin is trading above the $94,000 level and has shown strong momentum after the recent lows recovered sharply. The Bulls are working to recover their $95,000 record, a key level that could indicate an uptrend towards new all-time highs. However, despite growing optimism, risks continue to increase as global trade conflicts and macroeconomic uncertainty have severely impacted on financial markets.

The persistence of conflict between the United States and China has created a fragile environment that could quickly affect investor sentiment. Still, Bitcoin has shown resilience, decoupled from traditional markets in recent meetings and maintained strong price action, even if stocks wavered.

According to encrypted data, a key bullish signal emerged: Coinbase Premium Gap remained positive for 265 consecutive hours. Historically, positive premiums reflect strong buying pressures from U.S. investors, often before large price rallies. This ongoing trend shows that institutional demand remains healthy and supports current actions higher.

Despite the encouraging short-term outlook, Bitcoin must decisively break $95,000 to confirm the next phase of the rally. Until then, traders should be cautious as volatility may return at any time.

Bitcoin gains strength, but cautious as global risks persist

Bitcoin’s value has grown by more than 28% since April 9, highlighting optimism across the entire cryptocurrency market. After weeks of bearish pressure and volatility, BTC’s recent moves exceeded the key box office of $90,000, indicating a major shift in sentiment. Now, the Bulls are in short-term control, and momentum continues to build as Bitcoin tries to recover higher ground and challenge all-time highs.

However, despite the price being acted on, the risk is still high. Global trade momentum continues to create instability, while broader macroeconomic uncertainty still seriously affects investor confidence. Volatility has dominated global financial markets since the November 2024 election victory of U.S. President Donald Trump, while crypto assets are not immune to these shocks.

Even as Bitcoin surges, fear continues to linger. Many investors remain cautious and pay close attention to key levels to measure whether they can truly maintain such gatherings. Analysts stress that any deterioration in trade negotiations could trigger sharp corrections.

Top analyst Maartunn added that there is a common insight into X, showing that the Coinbase Premium Gap (30-hour moving average) stays positive for 265 consecutive hours – 11 consecutive days. This marks the fifth deal since the start of ETF trading, which suggests that strong demand based on the United States continues to drive the rally.

If Bitcoin maintains this momentum and recovers $95,000 as soon as possible, it can open the road to $100,000. Prior to this, cautious optimism remained the dominant tone for investors.

BTC Price Action: Bull Eye $100K, But Key Levels Must Be Defend

After spending hours flirting with $95,000 (a key short-term resistance zone), Bitcoin is trading at $94,800. The Bulls have shown impressive strength since early April, but now the real test has begun: keep the gains and push to new highs.

To confirm the ongoing rally, BTC must firmly hold the mark above $90,000 and take decisive action of $100,000 in the coming days. The $90K level has become the psychological and technical anchor for the Bulls, and defending it is crucial to maintaining momentum. A clean break above $95K may open the door for quick push into unknown territory.

However, if Bitcoin cannot keep support at $90K, there may be a longer merge phase. Such a phase could put BTC trading in the range of $85K to $90K as the market digests recent gains and evaluates the broader macroeconomic situation.

Investors should be cautious due to global tensions and uncertainty as volatility is expected to remain high. The coming days will be crucial in determining whether the rally can extend to a full breakout or stall to lateral integration.

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