Bitcoin’s near-term price action hinges on its ability to decisively break above $95,000. A successful breakout from the ascending triangle could trigger a rally toward $100,000, a key psychological level that also aligns with long-term resistance. If momentum carries beyond that level, Fibonacci extension models place the next targets between $105,000 and $110,000.
On the downside, failure to breach the $95,000 ceiling could result in a short-term pullback toward $91,000, where the 50-day moving average provides support. Deeper corrections could test $88,000–$89,000, especially if macroeconomic data or regulatory developments introduce fresh concerns.
Investors are also closely monitoring upcoming U.S. non-farm payroll data and any new regulatory signals from the SEC regarding crypto market structure reforms. These events could impact liquidity and investor sentiment significantly.
Bitcoin remains in a consolidation phase just below $95,000 as of May 1, 2025. Technical indicators lean bullish, with both the moving averages and MACD supporting the possibility of continued upside. Institutional interest remains strong, though mixed flows from ETFs signal cautious positioning.
On-chain metrics and improved mining fundamentals reflect growing long-term confidence, while macroeconomic concerns—especially the potential U.S. recession—have created a fertile environment for Bitcoin’s role as a hedge asset.
A breakout above $95,000 could propel the cryptocurrency to new all-time highs. However, traders must remain alert to macroeconomic data releases and policy signals that could shift market dynamics in the days ahead. The next few sessions will likely determine whether Bitcoin is ready to push toward $100,000 or consolidate further before its next major move.
