Bitcoin must hold $95K support for bullish momentum, possibly targeting new all-time highs. Key insights from Bitfinex and experts.
- Bitcoin trading at $96,730; $95K is crucial support, say analysts.
- Short positions liquidated if Bitcoin hits $98,000.
- Surge in ETFs coincides with Bitcoin’s strong performance.
As of May 7, 2025, Bitcoin trades at $96,730, with Bitfinex identifying $95,000 as crucial support for new highs.
The $95,000 support is pivotal; breaking it could trigger a rise, with significant inflows into ETFs noted.
Bitcoin Set to Surpass Recent $97,700 Resistance
Bitcoin recently surpassed resistance at $97,700 after a weekend pullback. Analysts stress maintaining <$95,000 to target new milestones.
Bitfinex reported the $95,000 level has been the lower boundary since late 2024, indicating a stable structure.
Potential $400M in Short Liquidations at $98K
Potential liquidation of $400 million in short positions could occur if Bitcoin tops $98,000, triggering a volatile market.
Investors closely monitor ETFs; recent inflows of $2.7 billion reflect strong demand and market optimism.
“Send it,” said Thomas Fahrer, Crypto Analyst, referring to potential liquidations of $400 million in short positions if Bitcoin reaches $98,000.
$95,000 Support Mirrors Past Bull Runs
The $95,000 support reflective of past post-consolidation bull runs, highlighting market stability.
With past high volatility linked to Fed decisions, any unexpected rate change could impact Bitcoin’s direction.
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