Bitcoin has risen nearly 2% in the last day and remains stable above 92,200 USD. The daily chart still looks sluggish, but the four-hour chart shows that strength is starting to build.
Since short-term charts show changes more quickly, the upcoming sessions may determine whether Bitcoin ultimately tests 95,000 USD – a level that experts consider important for the price to rise further.
Short-term strength is increasing, but not without risk
Bitcoin is close to achieving a positive EMA cross on the four-hour chart. EMA stands for Exponential Moving Average. It weighs recent prices more heavily, which is why traders use it to see early trend shifts. A positive cross occurs when the faster EMA crosses above the slower EMA, indicating increased buying pressure. Now the 50-EMA is close to crossing over the 100-EMA.
The distance between the two EMAs has decreased rapidly. If the cross becomes clear, Bitcoin gets a cleaner path towards 95,700 USD, an important resistance. But Bull Bear Power, which shows who controls each candle, has weakened. If it decreases again, the cross may not be completed. This is the biggest short-term risk here.
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This is also what external analysis says about the chart. Analysts at the corporate platform B2BINPAY told something similar exclusively to BeInCrypto:
"Bitcoin is trading in the range of 92,000–93,000 USD, yet all attempts to break 95,000 USD fail. There is a lack of momentum to clear it safely.
…If that happens, we may see Bitcoin trying to reach 96,000 USD. If the market manages to stay above that area, the next step could be a move towards 100,000 USD," they added.
This strengthens the idea that 95,000 USD is the real barrier and that short-term strength must hold for long-term gains – even to get over 100,000 USD.
The slumber is increasing, and it could be the trigger
Spent Coins Age Band measures how many coins are moved between holder groups. When the number decreases, older coins remain still (higher resting time). This reduces selling pressure and usually leads to recoveries.
The value has dropped from 24,100 on December 10 to 12,500 today, almost 50%. Similar declines have led to increases in the past.
Between December 2 and December 9, spent coins decreased from 27,800 to 9,200. After that, Bitcoin rose about 5%.
Between November 21 and 24, spent coins decreased. Then Bitcoin rose from 85,500 USD to 92,300 USD, an increase of 8% over the following days.
The current decline is smaller, but the pattern is the same. The resting time is increasing (spent coins are decreasing) while the cross is trying to form. This could be an important combination in short-term analysis.
Short-term Bitcoin price levels to watch this week
The first obstacle on Bitcoin's short-term price chart is 93,300 USD. Bitcoin has not closed a four-hour candle above that level since December 9.
If the EMA cross occurs and the strength holds, 95,700 USD is within reach. That level determines whether Bitcoin can aim for areas that analysts have mentioned.
Support lies at 90,800 USD. A fall below that leads up to 89,300 USD again and delays all attempts against 95,000 USD.
Right now, there are three interacting factors for Bitcoin: a possible EMA cross, lower spent-coin activity, and the price pressing against resistance. If buyers defend the support level and trends continue, Bitcoin may finally get a chance to test 95,000 USD (or exactly 95,700 USD).
