Analysis: Will Bitcoin Price Hold at $95K Resistance or Is Rally Ahead?

Description

Bitcoin (BTC) is trading around $96,000, down nearly 1% in the past 24 hours, with a trading volume of $15.55 billion. The cryptocurrency is struggling to break above the $97,000 resistance level, which aligns with the 50-Day Exponential Moving Average (EMA). This level is crucial for determining Bitcoin’s next move, as a breakout could trigger a bullish rally, while a rejection may lead to a pullback. Whale activity is painting an interesting picture. Data reveals that large Bitcoin holders ram...