Bitcoin has reached its highest levels since March, nearing $95,000, sparking a battle between buyers and sellers. Traders are expressing caution as they analyze the pace of recent gains and the potential for a return to $100,000. Notable trader Daan Crypto Trades commented on Bitcoin's position above the Bull Market Support band, indicating a positive outlook if it maintains this level. However, trader Skew noted that a large-volume buyer is currently balancing market selling, suggesting potential volatility ahead. Keith Alan from Material Indicators expressed skepticism about Bitcoin sustaining above $95,000 without a strong catalyst, pointing out declining volumes and signs of market exhaustion. Trading firm QCP Capital echoed this sentiment, highlighting a lack of sufficient catalysts and advising caution due to crowded positioning in the market. Overall, while momentum is building for Bitcoin, many analysts remain hesitant about its ability to break the $100,000 threshold in the short term.

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