⚡$BTC Price will hit Soon $128K in Q2 of 2026 Bull run staring
bulls risk a reality check as BTC price action mimics the 2022 "bear market rally."
Key points:
• Bitcoin "appears" to be at the start of another bear market as price remains below its yearly moving average.
• The latest rebound makes clearing the trendline at $101,000 all the more important.
• Exchange inflows show sellers exiting in advance throughout this week.
• Bitcoin bear market risk remains below $101,000
As of press time, the Bitcoin price was changing hands at $95,076.40, which represents a 0.99% decline in the last 24 hours. The coin had fluctuated between a daily range of $95,103.24 and $97,015.35 before settling at the current market price.
Trading volume is also down by 24.88% to $43.8 billion. The market supply of Bitcoin surged after miners' sell-off. Some market participants are concerned of possible sell pressure if volume remains in the red zone and price rejection at $96,000 continues.
Regardless of this setup, Bitcoin's dominance stands at 59.17%, suggesting that investors favor the coin over altcoin assets. If Bitcoin is able to stabilize above the $93,000 price, it could regain its bullish momentum to reattempt the elusive $100,000.
The findings add more significance to the area around $101,000, which is already home to multiple resistance hurdles.
Triple resistance for Bitcoin
Take a look at the daily chart, and you will see another resistance pop up: the 200-day moving average. It is sitting just above $99,000, which puts more pressure on the market, squeezing price action into a triple-layer resistance wall.
Thus, while everyone is rushing into the long side again, hoping for a clean break to $107,000 or even the post-ETF target at $124,000, the price history reminds us that the "irst kiss" of the Bollinger's midband after a correction does not come easy - - and often fails.
Bitcoin might still punch through. But if it does, it will not be because of the trend lines. It will be in spite of them.