Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Bitcoin's Momentum Weakens: Will It Break the Key Resistance Level of $95,000?

Source Tradingkey

TradingKey - Bitcoin has risen nearly 27% over the past two weeks. Can it continue to climb and break through the key resistance level of $95,000?

On Thursday, Bitcoin (BTC) showed signs of slowing downa slowdown, hovering around $93,000. The day before, it had peaked at $94,696 but failed to break through the $95,000 barrier, which had marked the high from a rebound in March.

Bitcoin Price Trend Chart, Source: TradingView.

Since April 9, Bitcoin's price has been on the rise, thanks to eased trade tensions. The current price is approaching the critical resistance level of $95,000. Markus Thielen, head of research at 10x Research, remains cautious. He notes that stablecoin minting indicators have not returned to active levels. He believes $95,000 is a key resistance point and a potential trigger for short-term stop-loss liquidations.

However, some market perspectives suggest that even though Bitcoin hasn't yet broken the $95,000 resistance, increased market confidence could lead to a breakthrough soon. The market sentiment has shifted from panic mode, with the fear & greed index rising from a low of 25 to 53.

Additionally, John D'Agostino, head of strategy at Coinbase's institutional division, points out that retail investors are exiting the market through ETFs and spot trading. Meanwhile, sovereign wealth funds and other institutions are accumulating Bitcoin, helping to absorb selling pressure from profit-taking.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Tesla jumps 5% as Barclays puts a $450 target on the SpaceX merger — the chart was already pointing to 431 Tesla closed at $391.62 on October 26, up 5.21%, after Barclays upgraded the stock to Overweight and lifted its target to $450 from $370, citing a sharp inflection in Robotaxi miles and a potential SpaceX merger. The move also completed a double bottom at $345.88 and $349.33, with a neckline at $388.56 and a measured target of $431.24. Here is what the upgrade actually says, why the chart and the analyst now point the same way, and what would break the target.

Author Irene Q.

Oct 27, Tue

Tesla closed at $391.62 on October 26, up 5.21%, after Barclays upgraded the stock to Overweight and lifted its target to $450 from $370, citing a sharp inflection in Robotaxi miles and a potential SpaceX merger. The move also completed a double bottom at $345.88 and $349.33, with a neckline at $388.56 and a measured target of $431.24. Here is what the upgrade actually says, why the chart and the analyst now point the same way, and what would break the target.

Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the risk Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Author Irene Q.

Oct 27, Tue

Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premium December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Author Irene Q.

Oct 28, Wed

December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 29, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 29, 2026. Read on for the details.

Author Mitrade

Yesterday 02: 06

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 29, 2026. Read on for the details.

The Fed held at 3.75%–4.00% — and two officials voted to hike. December is now 85% priced The FOMC held by a 10–2 vote, with Governor Cook and Cleveland Fed President Hammack dissenting for a 25bp hike. Chair Warsh offered no forward guidance and no dot plot, the 2-year yield fell 8bp to 4.70%, and the dollar slipped to 101.84 even as markets moved December hike odds to 85%–87%. Tonight's Q3 GDP and September core PCE are the next referee.

Author Irene Q.

Yesterday 02: 55

The FOMC held by a 10–2 vote, with Governor Cook and Cleveland Fed President Hammack dissenting for a 25bp hike. Chair Warsh offered no forward guidance and no dot plot, the 2-year yield fell 8bp to 4.70%, and the dollar slipped to 101.84 even as markets moved December hike odds to 85%–87%. Tonight's Q3 GDP and September core PCE are the next referee.

Popular Symbols