Bitcoin (BTC) is facing stubborn resistance at familiar levels, with optimism growing over market strength. Recent pullback attributed to “manipulative” forces. Gold approaching new all-time highs seen as “extremely bearish” for Bitcoin. Analysts predict days or weeks until an “upwards breakout” occurs. BTC price hovers around $95,500. Resistance features on daily chart causing BTC/USD to coil for potential breakout move.

Bitcoin is consolidating against 4H 200MA/EMA and $94K horizontal resistance. Analysts predict an upwards breakout in coming days/weeks. Price showing higher lows, establishing an uptrend. Recent correction seen as manipulative, not organic. Despite resistance, potential for deeper pullback decreases.

Gold futures heading toward $4,400 per ounce, nearing new record highs. Bitcoin at lowest levels against gold since early 2024. Analysts warn strong precious metal performance could hinder crypto outlook. Gold and silver making new highs daily, impacting Bitcoin negatively. Metals need to calm down for crypto bull run to begin.

Read more at Cointelegraph: Bitcoin Price Dip Was ‘Not Organic,’ Trader Says