Bitcoin (BTC) surged to a seven-week high, but analysts are skeptical about its rebound to $100,000.

Source: Cointelegraph Original: "Bitcoin (BTC) Soars to Seven-Week High, but Analysts Skeptical of Its Bounce Back to $100,000"

Key points:

As BTC/USD reaches its highest level since early March, Bitcoin is experiencing a tug-of-war between buying and selling volume.

Due to the recent rapid increase, the price trend of BTC has made traders increasingly cautious.

Many commentators have stated that the $100,000 threshold may still be difficult to break through in the short term.

After the opening of Wall Street on April 25, Bitcoin faces a key resistance level, and the market remains skeptical about its price breakthrough.

The bulls and bears of Bitcoin are fiercely contesting for dominance.

Cointelegraph Markets Pro and TradingView data show that BTC/USD has broken through the $95,000 mark, reaching a seven-week high.

After successfully converting the opening price of $93,500 at the beginning of the year into an intraday support level, Bitcoin has begun to liquidate leveraged short positions as the price approaches the $100,000 mark.

The latest data from monitoring agency CoinGlass shows that the upper liquidity on the exchange order book is gradually being absorbed.

Well-known trader Daan Crypto Trades emphasized the importance of the current price range in the Bitcoin bull market.

"We are trading back above the bullish support zone," he wrote in a post on platform X, referring to a set of moving average support levels that had been breached in early 2025.

"If the closing price can stabilize at this position this week, it will be beneficial for the trend in a larger timeframe. As long as it remains above this level, I expect that sooner or later we will reach a new high."

Other analysts are taking a cautious stance. Trader Skew pointed out that there is currently a tug-of-war between large buyers and sellers in the market.

"If there are no passive buyers to absorb the market's selling pressure, prices will be far lower than current levels," he warned while releasing a screenshot of the order book.

"Ultimately, one side will have to admit defeat and withdraw, which will trigger significant volatility."

Waiting for the "catalyst" to break through the $100,000 barrier

Keith Alan, co-founder of the trading analysis firm Material Indicators, also questions whether BTC/USD can maintain its position above $95,000.

Alan pointed out three key signals: price increases accompanied by shrinking trading volume, repeated long lower shadows appearing below the opening price for the year, and the "bearish" signals issued by his proprietary trading tool.

"In my view, if the price breaks above $95,000, it will negate this new signal, but unless there is a substantial catalyst, I tend to think that this rise is just a short squeeze," he concluded.

The macroeconomic perspective also shows that the Bitcoin to USD exchange rate may experience a period of consolidation before returning to six-figure prices.

The trading institution QCP Capital pointed out in its latest briefing sent to subscribers of its Telegram channel that Bitcoin currently lacks a "catalyst" to break through the $100,000 mark.

"In light of the recent pace of the surge, we remain strategically cautious," the report stated.

"Market positions have become crowded, which may lead to more severe fluctuations near key price levels. Market participants seem to be closely monitoring signals of trend continuation or exhaustion."

Related news: Payment giant Stripe launches testing of new stablecoin product, having previously completed the acquisition of Bridge.

This article does not contain investment advice or recommendations. Each investment and trading action carries risks, and readers should conduct their own research when making decisions.