Bitcoin shows buy signals: technical strength indicates breakout potential

Bitcoin is currently trading at 91.82 USD and has recorded a gain of 1.13 percent in the last 24 hours. The price is stabilizing above important technical levels, while several indicators simultaneously point to increased buying sentiment. The central question for traders is: Which technical signals indicate a potential breakout above the psychologically significant 95,000 USD mark?

Technical Strength Takes Shape: The EMA Crossover Approaches

On the 4-hour chart, we observe an interesting setup: The 50 EMA (exponential moving average) is approaching the 100 EMA. This convergence signals a possible bullish crossover – a classic buy indicator in technical analysis. When this crossover occurs, it suggests that the short-term trend is gaining the upper hand.

However, the Bull Bear Power indicator shows fluctuations. This indicator measures control between buyers and sellers per candle. A renewed decline would threaten the crossover and remains the main risk for the upcoming sessions. As long as buying power persists, Bitcoin could find a more direct path to 95,700 USD – the next resistance zone.

Sleeping Coins and Decreasing Selling Pressure – The Bullish Setup

An often underestimated factor is now coming into play: The Spent Coins Age Band dropped sharply in December. From 24,100 on December 10 to currently only 12,500 – a decline of almost 50 percent. This means fewer coins are moving between address groups. Older coins remain stationary, reducing selling pressure.

Historically, a clear pattern emerges: Similar declines in the Spent Coins have led to new rallies. At the end of November, (November 21–24), the metric also fell significantly, and Bitcoin rose from 85,500 to 92,300 USD – an increase of eight percent in a few days. Between December 2 and 9, a decline from 27,800 to 9,200 led to a five percent increase. The current setup indicates similar dynamics.

These Levels Decide on Momentum and Strength

The short-term setup has several critical levels:

The first hurdle is at 93,300 USD – since December 9, no 4-hour candle has closed above this level. A convincing breakout would clear 94,300 USD. If the EMA crossover occurs and momentum is maintained, the path opens to 95,700 USD – the critical zone that determines whether Bitcoin will reach the 100,000 USD zone long-term.

Below, 90,800 USD provides support. A break below this level shifts focus to 89,300 USD and delays any attack on the 95,000 USD mark by several days.

Why is the current strength worth watching?

Three factors are playing a role simultaneously: The upcoming EMA crossover, the significantly decreased Spent Coins, and a price near historical resistance levels. If buying power holds and no unexpected news distracts the market, Bitcoin could experience the first real test of the 95,000–95,700 USD zone in the next sessions. The window for this strength does not close immediately – traders should watch the upcoming 4-hour candles carefully.