Bitcoin spikes at 7-weeks’ highs, but analysts doubt the chances of a $100K recovery

Important points

• Bitcoin has seen a battle between the buy and sell volumes as BTC/USD reaches its highest level since March.

• BTC prices are making traders more wary of the recent pace.

• Commentators agree that $100,000 may be out of reach within the next few years.

BitcoinBTCAfter the Wall Street opening on April 25, doubts about the BTC breakout continued.

Bitcoin traders and buyers fight for control

The Data of Cointelegraph Markets Pro The following are some examples of how to get started: TradingView The BTC/USD exchange rate reached new highs of $95,000 in the last seven weeks.

The preservation of its original form. yearly open at $93,500 Bitcoin, as an intraday support went on to liquidate the leveraged shorts when $100,000 was closer.

Recent data collected from Monitoring Resource CoinGlass Shows progress on taking up additional liquidity in exchange order books.

Daan Crypto trades, a popular trader who has been reacting to the recent price fluctuations in Bitcoin’s bull market, has highlighted the importance of this current price range.

“Trading back above the Bull Market Support band as we speak,” The writer wrote in a X postThe term is used to describe a collection of moving-averages which have lost their support. earlier in 2025.

“A weekly close above this level would be a good look for the larger timeframe and I’d expect new highs at some point as long as it holds above.”

Skew revealed that a buyer and seller were in a tug-of war.

“Price would be a lot lower than it is now without the passive buyer matching this market selling,” He warned The order book is printed alongside.

“Eventually one will throw in the towel & volatility will follow through.”

The price of BTC is $100,000. “catalyst”

Keith Alan, the cofounder and CEO of Material Indicators trading resource, also doubted that BTC/USD would be able to sustain a rise above $95,000.

Related: Bitcoin exchange outflows mimic 2023 as whales buy retail ‘panic’

Alan noted As the price moves higher, volume declines. Wicks are repeated below the annual open. “down” Signal on Material Indicators proprietary trading tool.

“For me, a pump above $95k would invalidate the new signal, but I’d probably consider such a move to be a short squeeze unless we have a catalyst with some substance behind it,” He summarized.

A period of consolidation is also expected before BTC/USD. returned to six figures.

QCP Capital stated in its most recent Telegram bulletin sent to channel subscribers that Bitcoin did not have a value of $100,000. “catalyst.”

“Given the pace of the recent rally, we remain tactically cautious,” You can write.

“Positioning has become more crowded, which could lead to sharper reactions around key levels. Market participants appear to be watching closely for signs of continuation or exhaustion.”

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.