Bitcoin (BTC) Hits Resistance at $95K Amid Ongoing Crypto Market Consolidation
Bitcoin’s momentum toward the $100,000 mark has stalled once again, with the flagship cryptocurrency encountering strong resistance at $95,000. Over the past 24 hours, Bitcoin (BTC) has remained range-bound, showing little indication of a decisive breakout as the broader crypto market consolidation continues.
Bitcoin Faces Stiff Resistance
After climbing above its previous consolidation ceiling of $86,000 early last week, Bitcoin surged past $90,000—a level it hadn’t seen in over six weeks. The rally peaked on Friday near $96,000, marking BTC’s highest price in two months. However, the bullish momentum faded shortly afterward.
Despite a brief weekend retracement and a quick dip to $93,000 on Monday, BTC quickly recovered. Since then, bulls have made multiple attempts to push past $96,000, but each effort has been met with resistance, even amid substantial ETF inflows. As a result, Bitcoin continues to hover just below $95,000, stuck in a tightening trading range.
Altcoins Reflect the Slowdown
The sluggish pace isn’t unique to Bitcoin. Altcoins have also entered a period of low volatility, with most major tokens recording minor daily losses. This muted price action underscores the broader market’s uncertainty and a lack of strong catalysts to drive the next big move.
As Bitcoin grapples with resistance and the market remains in a holding pattern, traders and analysts are watching closely to see whether upcoming macroeconomic developments or ETF-driven inflows can reignite momentum.
