Bitcoin [BTC] has experienced sustained gains, rising from a local low of $83k to a high of $95k.

Bitcoin [BTC] has displayed sustained gains over the past week, rising from a local low of $83k to a high of $95k.

At press time, Bitcoin traded at $94,061, showing a 11.75% increase on weekly charts. The recent price pump reflects strengthening upward momentum for the crypto.

According to AMBCrypto's analysis, Bitcoin is experiencing strong upward momentum, and prevailing market conditions position the crypto for more gains.

> "Bitcoin is handling current levels with strong demand and می‌تواند continue to see more gains if current momentum holds and demand remains high.

> Next, crucial targets to watch are $96k, an important level as it represents the entry price for short-term holders (3-6 months). Flipping $96k into support would likely pave the way for a rally beyond $100k. However, profit-taking by holders of recent gains, particularly those holding BTC for 1-3 months, might cause the price to consolidate between $88k and $94k.

> Therefore, reclaiming and converting the $96k mark into support remains essential for Bitcoin’s next upward journey."

For starters, Bitcoin is experiencing sustained bullish sentiments from all market participants. As such, these bullish participants are taking strategic positions in the market.

We can see this market bullishness in multiple ways.

Firstly, Bitcoin's Fund Market Premium has turned positive to settle at 0.2.

A positive Fund Premium suggests that investors, especially institutional ones, are experiencing enthusiasm and FOMO. Thus, there’s significant demand for Bitcoin across the market, including in traditional finance.

Source: CryptoQuant

Additionally, other market players are also bullish, as Bitcoin's Fund Flow Ratio has declined to hit a low of $0.078.

This decline suggested increased holding behavior, as investors preferred moving BTC into cold storage and private wallets — a classic sign of long-term conviction.

Source: CryptoQuant

Bitcoin continues to attract strong demand, with investors entering at key, strategic levels. If current momentum holds and demand remains robust, BTC could be positioned for a significant upward move.

The next crucial target is $96,000, a level of importance as it represents the entry price for short-term holders who have held Bitcoin for three to six months.

Flipping $96,000 into support would likely pave the way for a rally beyond $100,000. However, profit-taking by holders of recent gains, particularly those holding BTC for one to three months, might cause the price to consolidate between $88,000 and $94,000.

Therefore, reclaiming and converting the $96,000 mark into support remains vital for Bitcoin's next upward trajectory.