Final Key Resistance Level Before New All-Time High
By: cryptosheadlines|2025/05/02 18:30:02
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin has reclaimed bullish control after breaking through a major resistance at $95K. However, all eyes are now on the looming psychological barrier at $100K, a critical level that could either trigger profit-taking or act as a springboard toward new all-time highs.Technical AnalysisBy ShayanMarketsThe Daily ChartBTC’s recent breakout above the decisive $95K resistance marks a key technical and psychological victory for the bulls. Following a brief consolidation period around this level, renewed buying pressure drove the price firmly higher, signaling the continuation of the bullish trend that began after the correction phase earlier this year.This breakout is a notable bullish development, as the $95K level had previously capped Bitcoin’s advances and aligned with prior swing highs. However, the focus now shifts to the $100K resistance zone, a round number that historically carries significant psychological weight. It is likely to be filled with latent sell orders, take-profit triggers, and institutional distribution, all of which could temporarily stall or reverse upward momentum.If bulls manage to breach this psychological barrier decisively, it would likely result in a strong continuation rally, with the next logical target being Bitcoin’s all-time high at $109K.The 4-Hour ChartOn the 4-hour timeframe, Bitcoin initially paused at the $95K resistance, forming a sideways consolidation structure indicative of supply absorption. However, this consolidation was short-lived, as new demand flooded the market, resulting in a clean breakout above $95K, confirming buyers’ dominance and the validity of the prior breakout.Despite the strength of this move, the $100K mark now stands as the next major challenge. This level not only aligns with psychological resistance but also coincides with a prior major swing high, increasing its technical relevance.Should BTC fail to overcome $100K on its first attempt, profit-taking and smart money distribution could trigger a rejection and a corrective pullback toward the $90K support zone, where the 100 and 200-day moving averages currently provide structural reinforcement.Alternatively, the more probable short-term scenario is a consolidation phase below $100K, allowing the market to accumulate momentum before a potential breakout toward the $109K ATH.On-chain AnalysisBy ShayanThe Taker Buy/Sell Ratio is a key on-chain metric that measures the ratio of market buy orders to market sell orders on exchanges such as Binance.In the latest reading, the Taker Buy/Sell Ratio has spiked sharply, reaching the highest level observed within the recent months. This surge suggests that market participants are increasingly executing market buy orders, reflecting a shift from passive accumulation to aggressive entry at market prices.Such behaviour typically occurs when investors and traders are confident in an imminent price increase or fear missing out on a rally, classic signs of strong bullish sentiment. The spike on the ratio chart highlights an influx of taker buy volume, confirming that buyers are actively chasing price, rather than waiting for lower entries. This behavioural shift often precedes strong upward momentum in price action, especially when coupled with rising open interest and positive price structure.SPECIAL OFFER (Sponsored)Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.Cryptocurrency charts by TradingView.Source link
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