Bitcoin breaks above $95K to $97K as spot buyers regain control
Bitcoin climbed above $95,000 and was trading around $97,200 after a decisive breakout that ended a multi-week consolidation between roughly $88,000 and $94,000. Trading volume rose with the move, indicating participation-backed strength rather than a thin-liquidity spike. On-chain spot metrics show renewed buy-side pressure: CryptoQuant’s 90-day Spot Taker Cumulative Volume Delta (CVD) turned positive in January, signalling taker buy dominance, while the Accumulation/Distribution (A/D) indicator rose to a local high (~5.05 million), suggesting sustained inflows. Key near-term support is now the $94k–$95k zone, with psychological resistance at $100,000 the next level to watch. The shift from taker sell dominance in late 2025 to taker buy dominance and rising accumulation implies the breakout is supported by momentum-driven buying and broader market participation, which could increase the probability of follow-through if volumes remain elevated.
Bullish
The news points to a bullish shift supported by multiple confirmations. Price broke above a multi-week consolidation with rising volume — a technical signal that reduces the chance of a fake breakout. On-chain indicators show taker CVD turning positive and A/D rising, which means aggressive buyers are paying up and net inflows continue. Historically, similar patterns (breakout + rising volume + positive taker flow) have preceded sustained rallies as momentum attracts additional participants and liquidity providers widen spreads. Short-term, traders can expect continued volatility around reclaimed support ($94k–$95k) and potential tests of $100k; pullbacks to the support zone may offer buying opportunities if on-chain flows remain positive. Longer-term impact depends on whether higher-timeframe resistance (prior highs) is challenged and macro factors remain supportive — if so, accumulation and momentum could drive further gains. Risks: swift profit-taking, macro shocks, or reversal in taker flow could quickly negate the move, so traders should monitor volume, taker CVD, A/D, and macro liquidity indicators for confirmation.