Bitcoin Poised to Hit $96,000 as Resistance Level Approaches

• Bitcoin is testing a key resistance at $95,800, with potential to break past $96,000 today.
• The Bull Score Index at 60 signals strong investor optimism and rising accumulation levels.
• A breakout above $96K could potentially trigger a fresh rally toward the $100,000 milestone.

Bitcoin’s price is stirring excitement across the markets as it approaches a critical resistance zone near $96,000. The BTC/USDT pair has been showing strong bullish momentum, signaling that a major breakout could be imminent.

Over the past few days, Bitcoin has climbed steadily, touching highs of $95,865.90. It is now testing a strong resistance level at around $95,800. A successful push above this level could open the path toward $96,000 or even higher. As of press time, Bitcoin is trading around $94,800, just near the key barrier.

The rise comes as the Bitcoin Bull Score Index hits 60, according to data from CryptoQuant. Notably, high scores above 60 often coincide with strong price increases. A similar pattern was witnessed at the 2021 bull run and in 2025. Further, this Bull Score acts as a critical sentiment indicator for Bitcoin’s future price action.

Source: CryptoQuant

The market shows rising optimism following a continual surge of Bitcoin and stablecoins demand. The increased enthusiasm indicates that Bitcoin will surpass its previous peak values, and a breakthrough at the $96K resistance level today would create favorable conditions for Bitcoin to reach $100K again.

Bitcoin’s recent price action shows signs of a strong consolidation phase. Support remains firm above $92K, while resistance remains close to $95,800. This tight trading range indicates that a decisive move could occur any time. 

Related: Analyst Predicts Bitcoin Could Mirror Gold’s Recent Surge

Institutional investors demonstrate increasing involvement with Bitcoin, strengthening the bullish market condition. The steady increase in market funding boosts Bitcoin’s future performance outlook, and if the price holds above $96,000, a new rally phase could begin. 

Source: TradingView

However, a pullback might occur if Bitcoin does not overcome this resistance level. In that case, the $92,500 level would be the next crucial support zone to stabilize before launching another price attempt. For now, the immediate focus is on Bitcoin’s ability to surpass the 24-hour high of $95,650. A sustained move beyond this could quickly test the psychological $96K barrier. Continued buying interest may extend gains toward $96,500 if momentum remains strong.

Market-wide positivity is being driven by rising liquidity and growing investor confidence. Many analysts see Bitcoin’s current positioning as a critical moment for its short-term trend. With its next direction based on the outcome of resistance near $95,800, it could trigger a new market expansion to possibly reach $96,000 today.

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