{"id":63280,"date":"2025-05-01T02:23:28","date_gmt":"2025-05-01T02:23:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=63280"},"modified":"2025-05-01T02:23:28","modified_gmt":"2025-05-01T02:23:28","slug":"bitcoin-price-rally-incoming-bulls-target-95k-and-beyond","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=63280","title":{"rendered":"Bitcoin Price Rally Incoming? Bulls Target $95K and Beyond"},"content":{"rendered":"

Bitcoin price is rising again above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone.<\/em><\/p>\n

Bitcoin remained supported above the $92,500 zone.
\nThe price is trading above $94,000 and the 100 hourly Simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $95,500 zone.<\/p>\n

Bitcoin Price Eyes Fresh Rally<\/h2>\n

Bitcoin price started a short-term downside correction<\/a> from the $95,250 resistance zone. BTC declined below the $95,000 and $94,500 support levels.<\/p>\n

The bears pushed the price below the $93,500 support. However, the bulls were active near the $93,000 support. A low was formed at $92,970 and the price started a fresh increase. There was a move above the $93,500 and $93,800 resistance levels.<\/p>\n

The price climbed above the 50% Fib retracement level of the downward move from the $95,195 swing high to the $92,970 low. Bitcoin price is now trading above $94,000 and the 100 hourly Simple moving average<\/a>.<\/p>\n

The price is also above the 76.4% Fib retracement level of the downward move from the $95,195 swing high to the $92,970 low. On the upside, immediate resistance is near the $95,000 level. There is also a connecting bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

<\/a><\/p>\n

The first key resistance is near the $95,250 level. The next key resistance could be $95,500. A close above the $95,500 resistance might send the price further higher. In the stated case, the price could rise and test the $96,500 resistance level. Any more gains might send the price toward the $98,000 level.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $95,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $94,200 level. The first major support is near the $93,500 level.<\/p>\n

The next support is now near the $93,000 zone. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,200.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $94,500, followed by $93,500.<\/p>\n

Major Resistance Levels \u2013 $95,250 and $95,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is rising again above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone. Bitcoin remained supported above the $92,500 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":63281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63280"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63280"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63281"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}