Bitcoin's price reached a high of $94,700 on April 23, with analysts identifying $95,000 as the next significant resistance level. Despite a potential pullback towards the $90,000 zone, numerous bullish indicators suggest suitability for a breakout soon. Notably, inflows into spot Bitcoin ETFs surged to their highest levels since January 2025, demonstrating increased institutional interest, which could support price growth. Moreover, Bitcoin exchange inflows have decreased substantially, indicating reduced selling pressure and increased holding sentiment among investors. Bitcoin's perpetual futures funding rates remained negative recently, hinting at possible short squeezes that could catalyze further upward movement. Additionally, Bitcoin's price is trading above the key 200-day simple moving average, a crucial support level that could signal continued bullish momentum. Analysts suggest that overcoming the $95,000 barrier could lead to a surge past $100,000, marking a significant bullish trend.

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