Bitcoin Tests $95K While Holding Bullish Structure

Bitcoin continues flirting with the $95,000 resistance level, peaking at $94696

Bitcoin (BTC) flirted with the $95,000 resistance level throughout yesterday’s session, eventually closing above it after another green candle. Although daily volume dipped slightly below the 30-day average, On-Balance Volume (OBV) and Relative Strength Index (RSI) showed no signs of weakness yet, continuing to indicate bullish strength.

Moreover, Bitcoin closed three consecutive days above the daily Triple Bottom, Triple Top (TBO) Cloud, confirming a transition to bullish consolidation. This structure remains in place for now, especially since there are no short-term bearish signals on the four-hour chart—no TBO Close Longs or Triple Bottom, Triple Top (TBT) Bearish Divergences.

However, if Bitcoin stalls below $95K for too long, the risk of a quick pullback to $90K increases. A move like that would likely coincide with stablecoin dominance pushing up toward the TBO Fast line after a week of sharp decline.

While Bitcoin's price action is interesting, the real story unfolds in altcoins and their rapidly shifting momentum.

Despite Bitcoin.D slipping below the daily TBO Cloud and daily RSI falling below 70, showing early signs of weakness, top 10 crypto dominance looks equally tired. However, "OTHERS.D" is stealing the show—not only pushing above resistance but also in the process of printing a TBO Close Short, a bullish reversal signal. This marks the first potential daily Close Short since November 2024 and could confirm a major shift if the candle closes in this state.

Volume strength is confirmed across charts like TOTAL3 and OTHERS, with OBV climbing back above the 3.39T line. As for TOTAL2, which is mainly influenced by ETH, it has again encountered resistance at 2.6T and struggled to stay above it, quickly rebounding after dipping below.

Compared to TOTAL3, which seems to have more room to run, ETH's contribution is quickly becoming less relevant. This widening divergence between TOTAL2 and TOTAL3 highlights the continued outperformance of low-cap and non-ETH tokens, especially as they respond rapidly to news and technical breakouts.

BVOL7D continues to creep up slowly, echoing the behavior seen in late October 2024—a period of slow volatility build-up before an eventual breakout.

The current environment is largely news-free, at least in terms of major macroeconomic events. This indicates that Bitcoin's price action is mostly organic and sentiment-driven rather than narrative-fueled.

Alts are heating up across the board

ETH remains in the daily TBO Cloud but is showing weakening momentum. OBV is barely holding above its moving average line and RSI is beginning to fall, so its status as a leader is still questionable despite a strong start to the year.

However, SOL is printing a TBO Open Long with strong OBV and Volume, continuing to outperform ETH. The story is similar for LTC, NEAR, APT, POL, FET, and STX, all of which are printing fresh TBO Close Shorts or TBO Open Longs, marking key trend reversals.

Among them, NEAR has now closed three days above long-term resistance at $17.5, a major structural shift. As long as it can hold above this level, it opens the door for further gains.

Volume continues to rise across meme and low-cap coins like PEPE, ONDO, TAO, and BONK, many of which are now confirming Open Longs and overhead resistance breaks.

Even long-ignored coins like EGLD, STRK, and HNT are beginning to pop, showing that the rally is broadening and reaching coins that have been lagging for a long time.

BTC's bullish structure is intact, with no short-term warnings yet, but its inability to cleanly break above $95K is a minor concern. A daily close above that level would likely unlock a swift move to $100K. Until then, expect some sideways chop or a shallow pullback.

Meanwhile, OTHERS.D is showing rare reversal signals, and low-cap ALTs are responding in kind. It's a prime time to take advantage of the shift, but remember to secure partial profits as they rip, especially if BTC begins to stall.

Finally, although BVOL7D is still low, it's slowly creeping higher, a sign that volatility is slowly returning after a long period of calm.