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Bitcoin Reclaims $93.5K Support, Eyes Six-Figure Breakout if Momentum Holds
By: cryptofrontnews|2025/05/05 17:30:01
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Bitcoin retesting $93,500 as support strengthens bullish structure toward $108,000 targets.Cloud breakout confirms Bitcoin momentum, holding $90K–$92K as critical dynamic support.Repeated consolidation patterns from $75K to $95K frame Bitcoin’s long-term bullish cycle.Bitcoin’s weekly close above $93,500 has drawn renewed attention to key support and resistance levels. Structural retests and cloud breakouts now signal a possible continuation toward six-figure price territory.Weekly Structure Signals Macro Resilience in Bitcoin’s Price TrendRekt Capital, a widely followed market analyst, frames Bitcoin’s recent price action as a pivotal moment in its broader bullish cycle. The cryptocurrency has reclaimed key historical levels while maintaining its multi-year bullish structure. Repeated patterns of consolidation and breakout behavior have formed a strong technical base over time.Source: Rekt CapitalHighlighting the weekly chart structure, Rekt Capital notes that Bitcoin closed just above $93,500, confirming a reclaim of support. Early in the new trading week, the asset is already retesting this level, an expected move in healthy technical progressions.Rekt identifies a recurring pattern in Bitcoin’s behavior: consistent breakout–retest–accumulation sequences that mirror its broader bullish cycle from 2023 to 2025. Consolidation zones, particularly between $75,000 and $95,000, now represent the latest battleground for structural continuation.The blue vertical marker on April 15, 2024, references Bitcoin’s cycle midpoint, showing successful reclamation of macro-resistance. Bitcoin’s higher low formations across each consolidation range continue supporting longer-term bullish momentum as mapped in his analysis. Based on the price structure, no major downside breakdowns are recorded while the $75,000 major support remains intact.Cloud Breakout Highlights Short-Term Bullish Acceleration PotentialAnother prominent analyst, Ezy Bitcoin, added insights into Bitcoin’s trend, emphasizing dynamic support zones based on short-term price movements and cloud formations. He analyzed Bitcoin’s breakout above the "gray cloud" on the weekly chart in late 2024, which marked the start of a sustained bullish trend. Ezy now highlights the $90,000–$92,000 range as a key support zone crucial to maintaining upward momentum.Source: Ezy BitcoinBuilding on that pattern, the latest breakout above the gray cloud signals a renewed buy confirmation. Bitcoin has successfully retested the cloud, producing two consecutive bullish weekly candles heading toward $94,000.According to market analyst Ezy Bitcoin, projections target a move to $108,000–$120,000 if the bullish posture above dynamic support zones holds. Holding above the cloud and the $93,500 technical area remains pivotal for Bitcoin’s potential expansion into six-figure valuations.The post Bitcoin Reclaims $93.5K Support, Eyes Six-Figure Breakout if Momentum Holds appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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