Bitcoin (BTC) Builds Momentum Above $95,000 as Bulls Aim for $100,000 Breakout

Bitcoin is trading above the $95,000 level as bullish momentum builds and the market looks poised for a potential breakout.

Bitcoin (BTC) price is trading above the $95,000 level as bullish momentum continues to build and the market looks poised for a potential breakout. After weeks of strong price action, bulls are now aiming to reclaim the $100,000 mark, a key psychological and technical milestone that could trigger further upside.

As selling pressure gradually fades and investor sentiment turns more constructive, analysts are becoming increasingly optimistic. However, the broader environment remains quite volatile, with rising global tensions and macroeconomic instability still casting a shadow over markets.

According to on-chain data from Glassnode, the Short-Term Holder (STH) Cost Basis is currently at $93,460, a critical level that may determine Bitcoin’s near-term direction. As long as the price holds above this threshold, it suggests that recent buyers are still in profit, which typically reinforces market confidence and reduces the likelihood of capitulation.

If Bitcoin manages to maintain strength above this zone, analysts believe it could open the door to a sustained rally toward all-time highs (ATH) and beyond. On the other hand, a drop below the STH Cost Basis could signal weakening support and a potential retracement toward lower demand areas.

As the market enters a decisive phase, all eyes are on the $100K breakout and how it could impact the next stage of the bull cycle.

Bitcoin Price Analysis: Buyers Defend Key Support

Bitcoin has surged over 15% in less than three weeks, quickly regaining strength after a prolonged period of volatility and consolidation. The recent move has pushed BTC just below the highly anticipated $100,000 level, hitting a local high of $97,900 before facing temporary resistance.

As the dust settles on a wild few months, market sentiment has shifted decisively in favor of bulls, with many analysts pointing to continued momentum and a potential breakout that could shape the next leg of the bull cycle.

Top analyst Ali Martinez shared on-chain insights highlighting the importance of the Short-Term Holder Cost Basis, which is currently at $93,460. This level represents the average acquisition price of recent market entrants and is seen as a crucial line of defense.

"The STHC is still holding, which is a good sign. As long as the price stays above this zone, the structure remains bullish," Martinez explained.

If this support manages to hold, it could ignite a rally towards $132,330, following a pattern seen in previous bull markets when short-term holders remained in profit.

However, the bullish scenario comes with a caveat. A drop below the $93,460 level could signal weakening demand, triggering a potential correction towards $72,420—a move that would test deeper liquidity zones and shake out speculative positions.

For now, though, the path of least resistance seems to be upward. With the broader market heating up and bullish catalysts aligning, the current structure suggests that the rally may be far from over.