Bitcoin Breaks Out Again, but Bulls Must Protect Key Levels

Bitcoin is exhibiting indications of resilience after months of selling pressure from all-time highs, trying to validate a market-lifting bullish scenario. Bulls gained momentum after breaking over $90K, fuelling anticipation for a six-figure push. Market concerns including macroeconomic uncertainty and global trade wars continue to weigh on investor morale.

After over a week of tight consolidation and constricted price activity, Daan suggested BTC had broken out of the $93K–$96K zone. A similar compression pattern led to an upward breakthrough days earlier. Daan says this breakthrough is promising but must be guarded. Reversing into the $93K–$96K zone would undercut the rise and imply a liquidity grab rather than a sustained breakout.

Bitcoin is trading well, but the next few sessions are crucial. Reclaiming $100K becomes more feasible if bulls can maintain above $96K and generate momentum. Otherwise, retracement and volatility are possible.

Bitcoin is at $97,015 after breaking critical resistance levels and continuing its mid-April advance. The 4-hour chart indicates a clear breach above the $93K–$96K consolidation area after a week of compression. Prices have been above $95K since the breakthrough, showing strong demand and controlled upward momentum.

The 200-period SMA ($86,572) and EMA ($89,048) are well below current levels, indicating that Bitcoin is above its medium-term support zones. This supports bullish structure and predicts a healthy retest of the $90K–$92K zone rather than a breakdown.

Volume increased dramatically during the breakout on April 23–24 and has stayed high, confirming the move technically. Current resistance is psychological $100K, with a secondary objective at $103,600.

Bulls must sustain momentum and prevent a severe rejection below $95K, which might indicate a failed breakout and allow profit-taking. The trend is optimistic with upward potential, but traders should watch for fatigue around resistance.

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