According to analysts, Bitcoin (BTC) has broken four key resistances in the past two weeks, but a real bullish breakthrough has not occurred yet. AnChain data identifies $93,500 as a crucial level for the upward trend of Bitcoin, as short-term holders are still at a 6% loss. If Bitcoin manages to surpass the $93,500 resistance, selling pressure will decrease, creating further growth opportunities. Failure to break this level may lead to intense selling pressure similar to the August 2024 event when BTC plummeted from $68,525 to $54,343 in two weeks. Bitcoin’s return to $78,000 on March 10 sparked extreme fear, but since then, BTC has grown by about 12.8%. This growth has shifted the market sentiment from fear to belief. Additionally, open trades have reached $57 billion, indicating an increase in new capital inflows. For Bitcoin to continue its upward trend, it must turn the $93,500 resistance into support. Otherwise, selling pressure may increase, resulting in a more severe price correction. Due to economic uncertainty in the second quarter of 2025, traders should focus on key market indicators before making decisions and trading.
