Bitcoin price is still riding high on bullish momentum. It has moved well beyond the $95,000 threshold, raising the prospects of a move toward $100,000. Bulls are clearly on the offensive trying to defend price above this important threshold. If they try, they’ll almost certainly run into fierce resistance from standing sellers. Fundamentals and technical indicators alike are backing up this bullish picture, yet some analysts are still doubtful that the rally can be sustained.

Bitcoin's Push Towards $100,000

In all, a strong close above $95,000 would likely send the BTC/USDT pair speeding toward the full target of $100,000. Further, the 20-day exponential moving average (EMA) at $87,437 is rising. The relative strength index (RSI) is getting close to overbought territory, with both of these indicating a growing bullish momentum.

For starters, sellers will almost certainly defend vigorously at $100k. But beyond that, if buyers can hold the price above $95,000, then chances of breaking the overhead resistance become far more likely. That back-and-forth between buyers and sellers will probably characterize Bitcoin’s price action in the near term.

Given how bitcoin is currently trading near that $95,000 mark, it does seem like the bulls are just waiting it out for some bullish continuation. Farside Investors continues to see the reverse. Since April 21, inflows into US spot Bitcoin exchange-traded funds have accelerated, adding to the bullish evidence.

Altcoin Analysis: XRP, AVAX, SOL, and SUI

XRP has been testing its 50-day simple moving average (SMA)—currently at $2.18—over the past few days. The trend indicates that there is formidable support at this price point. Bears have been routinely defending this horizontal point, holding XRP down and preventing a breakout move higher. Whether up or down, this consolidation indicates a time of hesitation in the market, of unreliability for XRP.

Avalanche had been on a nice bull run until stopped cold by resistance at $23.50. If the AVAX/USDT pair does the breakout and close above this level decisively, it will form a double-bottom pattern. This may be an early warning of a powerful bullish reversal to come. Investors should keep a close eye on this level, looking for a breakout.

SOL is having a hard time keeping above $153, which indicates that sellers are jumping in at these increases, which indicates that some nearby resistance remains. As long as buyers are able to maintain the price above $153, the SOL/USDT pair might continue moving up toward the $180 resistance. This 20 area is important for defining Solana’s short-term direction.

Sui's Bullish Momentum

Sui (SUI) Buyers built strength after driving the price above the moving averages on April 22. The 20-day EMA is at $20.22, and it recently has begun turning up. At the same time, the RSI has entered positive territory, indicating that buyers are currently in control. This depicts a huge room for more upside in Sui’s price.

The growing bullish momentum in SUI might keep bringing more buyers into the fold, which could help SUI build additional bullish momentum and price appreciation. Savvy investors can capitalize on the opportunities that this emerging trend creates. They need to be constantly aware of risks and the extreme volatility that exists within the cryptocurrency space.

The technical indicators for SUI are considerably bullish. That aside, we need to be vigilant about prevailing market conditions and prepared to identify sources of likely resistance. A sustained uptrend could lead to significant gains for SUI, but traders should exercise caution and manage their risk accordingly.