Bitcoin Breaks Above $95,000 Resistance
Key Update:
Bitcoin’s bullish momentum continues, rising over 3.5% in the past 24 hours and climbing above $95,000. This surge is largely driven by cooling U.S. inflation data and increased demand for hedge assets amid political uncertainty.
Highlights:
· Bitcoin is now trading in the key resistance zone between $95,000 and $97,000.
· The latest CPI data has strengthened expectations of further Federal Reserve rate cuts later this year.
· This supports the “soft landing” narrative and has boosted investor sentiment.
What to watch:
The next target for Bitcoin is near $97,000**. If it successfully breaks above this level, the **$100,000 psychological milestone could come into view. However, if resistance holds, a pullback toward $92,000–93,000 is possible.
Do you think Bitcoin can reach $100,000 by the end of January? Share your thoughts in the comments.
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