Analysts see BTC attempting breakout, eyeing $95K as pivotal level

Bitcoin is attempting to rebound and break out of a downtrend that has been in place since October, according to multiple analyses. Cointelegraph reported that trader BitBull, who has 470,000 followers on X, suggested that the expiration of roughly $24 billion in options could ease hedging pressure that has been suppressing prices, potentially leading to a clearer price direction. Separately, Crypto Ideology noted that BTC's daily candle is attempting to break a two-month resistance line. The firm stated that a successful break above the downtrend line could push the price to $95,000, with a high probability of a subsequent rise to $100,000. Adding to the sentiment, crypto analyst Michaël van de Poppe commented that the crypto market remains undervalued and could reach new all-time highs in the coming months.