Is Bitcoin Ready to End Its 5-Week Downtrend or Face Rejection at $95,000?

Bitcoin is currently attempting to recover from a five-week downtrend, trading above the $91,521 resistance level, but its rebound is considered fragile due to weak underlying support. Institutional interest, as reflected by spot Bitcoin ETF flows, remains low, showing only minimal inflows followed by significant outflows on Monday. Furthermore, on-chain data indicates declining relative activity among both small and large entities, suggesting reduced overall network engagement and constrained organic buying pressure.

The immediate price action hinges on the $95,000 resistance level. If Bitcoin faces rejection here, it risks falling back below $91,521 toward $89,800 or even $86,822, which would extend the existing five-week downtrend. Conversely, successfully breaching and flipping $95,000 into support would signal a shift in momentum, potentially opening the path toward $98,000 and invalidating the current bearish structure.

(Source：BeInCrypto)