Bitcoin Targets $95K — Breakout Incoming?

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Decreasing Bitcoin exchange inflows, resurgent ETF demand and other bullish factors could push BTC price above the next big hurdle at $95,000.

Spot Bitcoin ETF inflows are at their highest since January 2025.

Inflows to exchanges down to levels last seen in December 2016.

Bitcoin’s negative funding rates could set up a short squeeze.

BTC price is above major moving averages, which can now provide support.

Bitcoin’s price rose to a new range high at $94,700 on April 23, its highest value since March 2.

Several analysts say the next psychological resistance remains at $95,000, and the price might drop to test support levels below.

“The $94K–$95K zone is clearly the resistance to beat,” said Swissblock in an April 24 post on X. 

The onchain data provider asserted that the next logical move for Bitcoin would be a pullback toward the $90,000 zone to gain momentum for a move higher.

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