Bitcoin (BTC) is up 28% from its April low, showing renewed strength as it continues to trade near the $95,00 mark.

Bitcoin is now facing a critical test as bullish momentum begins to slow following a strong recovery over the past few weeks. After reclaiming the $90K level and testing the $95K resistance zone, price action has cooled down, and the market is entering a consolidation phase.

While bulls remain in control of the short-term structure, a clear breakout above $100K is needed to confirm the next euphoric leg of this rally. Global tensions and macroeconomic instability continue to weigh on sentiment, and investors are showing signs of caution.

A lack of decisive action above the $100K handle could also keep markets on edge, but there are signs of growing confidence. On-chain data from CryptoQuant shows that whales have quietly accumulated over 43,100 BTC in the past two weeks.

This level of accumulation is often seen as a bullish signal, particularly when paired with a broader risk-on environment. The coming days will be critical for Bitcoin as a push above the $96K-$100K range could trigger the next leg higher.

However, failure to break out may lead to a broader consolidation or even a correction. For now, all eyes remain on the whales-and on whether retail will follow.

Bitcoin Faces A Test As Whale Accumulation Strengthens Bullish Case

Bitcoin is currently trading at a critical juncture as bullish momentum begins to slow following a strong recovery over the past few weeks. After reclaiming the $90K level and testing the $95K resistance zone, price action has cooled down, and the market is entering a consolidation phase.

Bulls are still in control of the short-term structure, but a clear breakout above $100K is needed to confirm the next euphoric leg of this rally. Global tensions and macroeconomic instability continue to weigh on sentiment, and investors are showing signs of caution. A lack of decisive action above the $100K handle could also keep markets on edge.

Still, there are signs of growing confidence. On-chain signals are also beginning to align with bullish expectations. Top analyst Ali Martinez shared data indicating that whales have accumulated over 43,100 BTC in the past two weeks.

This works out to nearly $4 billion at current prices and signals that large holders are positioning ahead of a stronger uptrend. The market is at an inflection point. If bulls manage to reclaim the $100K level, it would signal renewed investor confidence and likely open the door to price discovery.

On the other hand, failure to break resistance could trap price in extended consolidation or even trigger a deeper correction. The coming days will reveal whether Bitcoin has the strength to sustain this rally, or if more patience is required.

BTC Price Analysis: Consolidation Continues Below Key Resistance

Bitcoin (BTC) is currently trading at $95,140 on the 4-hour chart, continuing its tight consolidation range between $94,500 and $95,800. After a strong breakout in mid-April, BTC surged past its 200-day SMA ($85,844) and EMA ($88,189), both of which are now acting as dynamic support zones.

The price action shows bulls maintaining control but facing increasing resistance around the $96,000 level. Volume has also declined slightly during the past few sessions, indicating a lack of strong conviction from either side.

This low-volatility range could be the calm before a larger move. If BTC breaks above the $96,000 ceiling, a push toward the psychological $100,000 mark is likely, with the next major resistance set around $103,600.

However, a failure to hold this range could result in a healthy retest of lower support levels. Immediate downside risk lies at $91,000, with the 200 EMA and SMA around $88,000 serving as crucial support.

Losing this zone could trigger a deeper retracement toward $84,000 or lower. In the short term, BTC must either reclaim momentum with a breakout or risk falling back into a broader consolidation pattern. All eyes are now on volume and breakout confirmation.

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