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Home»Bitcoin»Bitcoin Breaks Past Previous Resistance: $95,000 Next Challenge

Bitcoin Breaks Past Previous Resistance: $95,000 Next Challenge

Bitcoin By Gavin03/12/2025
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Bitcoin price action weakens amid surprising US employment data.
Bitcoin price action weakens amid surprising US employment data.
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Bitcoin (BTC), the original crypto, has recovered its $93,000 price mark. It is now edging closer to $94,000. In late November, the original cryptocurrency was struggling to surpass the $91,000 level. The latest price surge seems to have pushed the asset back to its former glory. According to CoinGecko’s Bitcoin dataBTC has surged by 7.7% over the past 24 hours. It also gained 7.1% during the previous week and 3.9% on the charts for the next 14 days. Bitcoin (BTC’s) price has still fallen by 12.8% in the last month, and 2.3% from December 2024. Discuss if BTC will surpass the $95,000 threshold this week.

CoinGecko

Bitcoin: Will the rally push it past $95,000?

Fed rate hike BTC ETF
Source: Watcher.Guru

Recent market recovery could have been due to improvements in the futures markets. Investor sentiment may also have been boosted by the likelihood of another rate cut in this month. Bitcoin (BTC), and other risky investments, could be benefited by another rate reduction.

Bitcoin (BTC’s) next test may be around $95,000, the price level that was last tested unsuccessfully in November 2025. BTC could reach $100,000 if it breaks through $95,000. It is down 25.6% compared to its previous high of $126,080 which was reached in October 2025. BTC could reach a new high if the rate is cut.

Grayscale also has a positive outlook on Bitcoin (BTC)’s performance in the months to come. Financial institution released a report stating that BTC could follow a five-year cycle instead of the normal four. Grayscale believes BTC is likely to reach its highest point in the future, sometime around 2026.

Please Read This: Bitcoin Faces 2 Major Hurdles This Cycle

ETF inflows will also increase during the coming weeks. This could further boost Bitcoin’s price (BTC).

CoinCodex analysts anticipate Bitcoin (BTC) to dip to $91,000 and consolidate for the remainder of the year, Before hitting $100,000 in late January 2026.

Bitcoin price prediction
CoinCodex

“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: watcher.guru

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