Bitcoin Price Breaks Triple Resistance, But Challenges Loom

The recent Bitcoin price activity draws heightened attention as it approaches an important turning point in its price surge. Bitcoin has achieved its breakthrough of three critical resistance tiers

Bitcoin price has approached an important turning point in its price surge. The king coin achieved its breakthrough of three critical resistance tiers, presenting it with essential choices. Many traders are paying close attention to the $96K resistance level, as the king coin has broken through the $95K level. With the crypto market showing intense strength, can BTC break through resistance to reclaim the $100K mark?

Bitcoin Price Breaks Triple Resistance, But Challenges Loom

The king coin exceeded three essential resistance points in a single major breakout movement last week. Bitcoin price made an impressive move beyond horizontal resistance because it managed to break through a multi-month downtrend and the 21-week exponential moving average (EMA). The recent price action of Bitcoin shows analyst Rekt Capital observing an identical pattern to mid-2021, which led to major price increases.

Chart 1- BTC/USD 1-Week chart, provided by RektCapital, published on X, April 29, 2025.

After its recent upward momentum, Bitcoin faces future obstacles. While the price broke through previous barriers, it must now prove itself by forming new supports reaching up to $96K. The price reflects Bitcoin’s evolution despite reaching its most essential test, as it must sustain recent growth levels and create new support zones.

The Battle for $93.5K Support: Key for Bitcoin’s Future

The weekly price close of Bitcoin surpassed $93,500, establishing this amount as vital support, as many market analysts believed. The decline of the Bitcoin price below the key mark of $93.5K may create doubts about the lasting power of its recent breakout performance. Keith Alan from Material Indicators found it concerning as BTC fell briefly below the 2025 yearly open after he expressed concern over this potential scenario.

Chart 2- BTC/USD 1-day chart, provided by Emmaculate, published on TradingView, April 29, 2025.

Bitcoin must verify its support at $93.5K to maintain an upward trend. The area between $93.5K represents a vital price range where Bitcoin demonstrates its major movement patterns. Given an inability to reclaim this support zone, Bitcoin will likely see additional price fluctuations. The price area near $94,000 contains heavy potential buyer investment that provides possible protection against price decline.

Bitcoin’s Potential Path: Will It Break Above $100K?

The extensive market momentum throughout Bitcoin could push its price toward reaching the $100,000 level as a significant psychological barrier. The Binance futures platform has major buy orders at $94,000, which might provide enough strength to push the price through this level.

Chat 3- Liquidity/ orderBook Hetamap, provided by CoinGlass, April 29, 2025.

The journey towards reaching $100K will produce numerous obstacles. Analysts observe Bitcoin operating in “critical zone” conditions. The Bitcoin price advancement strength depends on demonstrating support holding power and surpassing previously established resistance points. To reach $100K, Bitcoin must defend the $95K zone while sustaining its upward momentum. An unstable price action indicates a temporary market correction, which would likely find support at $91,000 but lower levels.

The Bitcoin short-term outlook depends heavily on maintaining its $93.5K price position. The defense of this trading level presents opportunities for investors to advance their positions towards attaining $100,000 targets. The crypto market displays regular price variability, requiring traders to expect downward movements in their market strategies. The next actions Bitcoin takes at the $95K zone will determine whether market bullishness stays strong or the price starts correcting downward.