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      Bitcoin Eyes $95K to $97K Resistance as Market Activity Increases

      Bitcoin's recent price movements suggest a potential rally towards the $95,000 to $97,000 range, driven by increased inflows into exchange-traded funds (ETFs) and a resurgence in spot market activity, according to analysis from Glassnode. The cryptocurrency has successfully surpassed its True Market Mean of $77,000 and a significant supply cluster around $84,000 to $85,000, with the next major resistance identified at approximately $96,700.

      Maintaining a price above $84,000 is crucial for Bitcoin to continue its upward trajectory. If the price falls below this level, attention may shift back to the $77,000 support mark. Despite the recent rally, selling pressure has remained low, with weekly realized profits still significantly below levels observed during previous market peaks in 2024 and 2025, indicating that holders are not aggressively taking profits at this stage.

      In addition to Bitcoin's performance, the spot trading landscape has seen a notable increase, with exchange volume rising by 121% since the rally commenced. This marks the first significant volume expansion in about a year that coincides with a price increase. Furthermore, approximately 72.5% of tracked altcoins have outperformed Bitcoin over the past week, suggesting a broader market participation without a substantial increase in leverage. Glassnode noted that Bitcoin's June low remains above its Realized Price, contrasting with previous bear markets where prolonged dips below this level were common.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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