Bitcoin Surpass $95k Hitting a 2-Months High: A Rally to $100k Next?

Bitcoin rallies to surpasses $95k for the first time in 2 months.

1. BTC is up by 13% over the past week

2. Bitcoin rally past $95k sets grounds for $100k if Short term Holders reduce selling activity

On daily charts, Bitcoin [BTC] has surged to surpassed $95k for the first time since March 3 2025.

In fact, Bitcoin has rallied to a monthly high of $95,375 afer rising by 2.48%. Over the past week, Bitcoin is up by 13.03%. Over the past 30 days, the crypto has gained by 10.38%.

Equally, the crypto's trading volume has increased to reach $36.71 billion signaling growing demand and interest.

Bitcoin experiences a notable price increase, reaching $95,445, reflected in the candlestick chart showing recent volatility and upward momentum.

Is Bitcoin set for $100k Rally?

The rising demand which has held throughout Tariff fears, suggest Bitcoin is positioned for the long haul.

While most risk assets and risk free assets have had a terrible April, Bitcoin is performed beyond anyone expectation.

Significantly, the recent surge means a considerable share of short term holders who have been under water for the past 2 months are now in profit. Therefore, with both long term holders and both short term holders now enjoying profit, the only handle is short term holders.

Bitcoin short-term holders are selling, as indicated by fluctuations in short-term holder profit and loss to exchanges. The recent trend shows increased selling activity over the past three months, with significant price levels at $5K and $7K.

As noted by a popular crypto analyst Axel, Short term holders are have started taking profits. Increased profit taking from this group risks the rally and could cause a market correction.

However, if long term holders and speculative buyers continue to buy and in turn absorbing the sell pressure, Bitcoin can hold strong and rally to higher resistance.

This all said, if speculative buyers and LTHs absorb potential sell pressure, Bitcoin's market conditions are now mature for a rally to $100k.

The only catch is the behavior of short term holders. If the decide to continue selling, BTC's growth will stagnate and consolidate between $91k and $94k.