What’s your opinion, do you think it will pass above the current resistance zone of $95,000 in a few days or not ?
The price of Bitcoin got to $95k yesterday before it dropped to $94k so it is a sign that the price will go further than $95,000 in the coming days, maybe before the end of the month because the market is still in a bullish state which means there is a possibility of rising anytime sooner. The market is trying to recover after some downtrends it experienced weeks ago but since the ETFs have bought more bitcoins and there is also inflows from individuals and other investors, the market is set to experience another dimension of bullish trend that can even lead to reaching a new ATH.
And it is called resistance for a reason because it's going to be very hard to break it. Now it dropped to $94k and so it means that we might have to try on another day to break the resistance of $95k.
Market though is very resilient and breaking this resistance in front of us might take several attempts. But one thing that could go for us is that we have several days before the end of this month. So if the market targets it in the last 3 days and there is enough positive news, then we might push it and break that hump.
Reaching new ATH though might take sometime, but eventually we are going to hit that no matter what.