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Bitcoin Must Hold $95K to Target New Highs
By: bitcoin ethereum news|2025/05/08 05:15:01
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In its latest weekly market report, Bitfinex analysts identified $95,000 as the critical price zone for Bitcoin’s next major breakout. While macro uncertainty continues to cloud the short-term outlook, the report highlights a medium-term bullish bias—provided Bitcoin can hold above this key support. According to the analysts, a firm base above $95,000 would signal a “structural transition” into bullish territory. This level marks the lower boundary of a previous three-month range, and reclaiming it could create momentum toward new all-time highs (ATHs). Consolidation Above $93,340 Seen as Supportive The report also referenced $93,340—Bitcoin’s short-term conservative cost basis—as a secondary support level. Analysts believe that consolidating above this price, while maintaining the $95,000 zone, would strengthen bullish momentum. “Holding $95,000, especially with BTC consolidating above $93,340, could set the stage for a move to new ATHs,” the report said. However, a failure to maintain this zone may flip it into resistance, raising the odds of a short-term rejection and possibly a deeper correction. Short-Term Volatility Remains a Concern Despite the medium-term optimism, the Bitfinex team warned that ongoing short-term volatility continues to be a headwind. Market participants are still reacting to shifting macroeconomic signals, including monetary policy moves and regulatory updates. If macro conditions stabilize in the weeks ahead, analysts believe Bitcoin still has upside potential—but stress that reclaiming and holding $95K is essential for a sustained move higher. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/bitfinex-bitcoin-must-hold-95k-to-target-new-highs/
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