Bitcoin Set to Break Key Resistance
As the end of April 2025 approaches, Bitcoin is once again showing its strength. After weeks of stagnation, the price is now moving aggressively toward a critical resistance level.
Market optimism is soaring — but is Bitcoin truly ready to break through US$100,000? To answer that, let’s review the information we cited from Beincrypto below.
Bitcoin Rebound, Challenging the US$95,761 Resistance
Bitcoin has successfully broken out of more than five weeks of stagnation, with its price surging back above US$90,000.
Currently, Bitcoin is trading around US$94,401, just below the critical resistance at US$95,761.
A breakout above US$95,761 could pave the way toward the major psychological level of US$100,000.
Failure to hold above the US$93,625 support could trigger a correction toward US$89,800.
Current momentum suggests that Bitcoin still has strength, but a confirmed breakout remains key for the continuation of the rally.
Market Sentiment: Investors Growing “Greedy”
The surge in optimism is reflected in social media activity, where the number of positive posts about Bitcoin has jumped to the highest level since the night of Donald Trump’s election on November 5, 2024.
The high level of “greed” in the market reflects strong belief that Bitcoin still has room to rise.
However, excessive greed often serves as a warning sign of a potential local price top.
Investors need to stay cautious, as rapidly increasing sentiment can trigger sharp volatility in the short term.
Bitcoin’s Profit/Loss Ratio: A Strong Rebound Signal?
Bitcoin’s Profit/Loss (P/L) Ratio is now approaching the neutral 1.0 level — a critical point in the historical analysis of Bitcoin prices.
A neutral P/L 1.0 indicates a balance between coins that are in profit and those in loss.
Historically, a breakout above this level signals a transition from a bearish phase to a bullish phase.
However, more investors being in profit also raises the possibility of selling pressure, as traders may opt to lock in gains.
Bitcoin’s ability to maintain momentum will heavily depend on market psychology in the coming days.
Conclusion: Is Bitcoin Ready to Cross US$100,000?
With a surge in positive sentiment, strong price rebound, and supportive macro indicators, Bitcoin is strategically positioned to attempt breaking through the US$100,000 mark.
However, caution remains necessary — especially considering the high levels of greed that could trigger profit-taking actions.
Investors are advised to continue monitoring key technical levels and observing market sentiment dynamics to make the best possible decisions.
