Bitcoin eyes $95K breakout as options expiry and trendline test fuel bullish case
Analysts say Bitcoin (BTC) is poised for a potential breakout if it decisively clears a multi-month descending trendline, with an initial target near $95,000 and $100,000 as the next psychological milestone. Key drivers include the expiration of roughly $24 billion in options — removing hedging-related selling pressure — and a daily candle testing the two-month resistance line. Crypto Ideology and analysts such as Michaël van de Poppe highlight that a daily close above the trendline on strong volume would confirm the reversal and likely trigger algorithmic and momentum buying. Risks include macroeconomic volatility, interest-rate developments, and a possible rejection at the trendline that would return BTC to its prior range. Traders are advised to watch for a strong daily close above the descending line with volume confirmation, treat $95K as an intermediate target, and expect pullbacks and tests of new support during any rally. This setup is cautiously bullish but not guaranteed; maintain risk management and position sizing.
Bullish
The article presents a technical setup that favors a bullish outcome: BTC is testing a descending trendline that has capped rallies since October, and a decisive daily close above that line on strong volume would be a classic breakout signal. The expiry of roughly $24 billion in options is cited as reducing hedging-related selling pressure — a dynamic that has historically preceded cleaner upside moves when large derivatives overhangs roll off. Analysts name an intermediate target of $95,000, with $100,000 as a subsequent milestone; both are logical measured-move targets from a trendline breakout. Short-term impact: a confirmed breakout would likely trigger momentum and algorithmic buying, raising volatility and driving quick gains toward the $95K zone, while rejections could produce sharp pullbacks back into the range. Long-term impact: a sustained close and follow-through above $95K would improve market structure, raise trader confidence, and increase the probability of a full retest of $100K and new all-time highs, especially if macro conditions remain supportive. Caveats: macroeconomic shocks, rate surprises, or weak breakout volume would negate the bullish thesis. Overall, the balance of technical evidence and reduced derivatives pressure makes a bullish classification appropriate, but traders should manage risk and look for volume-confirmed price action.