Bitcoin surged past $93,000 on Monday, marking its fifth straight day of gains and approaching the critical $94,600 resistance level. This rally signals improving market sentiment, with the Crypto Fear and Greed Index shifting to neutral for the first time since October. Bitcoin ETFs also saw $471.3 million in inflows on Friday—the largest single-day inflow since November 11—fueling optimism among traders.
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Bitcoin’s Impressive Five-Day Rally
Bitcoin’s price action has captivated the crypto community, pushing beyond $93,000 after five consecutive green sessions. This momentum builds on recent highs, with BTC now testing psychologically significant levels near $94,000. Traders view this streak as a potential breakout setup, especially amid broader risk-on sentiment in financial markets.
The rally reflects renewed buying interest, driven by institutional accumulation and positive macroeconomic cues. Volume has picked up during these sessions, suggesting sustained conviction rather than short-term speculation.
Key Resistance at $94,600 and Technical Outlook
The immediate hurdle lies at $94,600, a level that has capped prior advances and now serves as a pivotal resistance zone. A decisive close above this could open doors to higher targets, potentially revisiting all-time highs around $100,000 or beyond. On the daily chart, bullish patterns like higher lows reinforce the uptrend.
Support levels to watch include $93,000 as near-term footing, with deeper retracement zones at $91,000 if momentum fades. Technical indicators, such as RSI holding above 60, point to room for further upside without immediate overbought conditions.
ETF Inflows Signal Institutional Strength
U.S. spot Bitcoin ETFs recorded $471.3 million in net inflows on Friday, the strongest single-day figure since November 11. This influx underscores growing institutional demand, with major players like BlackRock and Fidelity adding to their BTC holdings. Such flows often precede sustained rallies by providing steady buying pressure.
Year-to-date ETF accumulation has exceeded billions, reducing available supply on exchanges and amplifying price sensitivity to news. Analysts see this as a key driver behind Bitcoin’s resilience, even amid global uncertainties.
Crypto Fear and Greed Index Turns Neutral
The Crypto Fear and Greed Index flipped to neutral territory, ending months of bearish bias since October. This shift from “fear” readings indicates balanced sentiment, where neither panic selling nor euphoric buying dominates. Neutral zones historically allow trends to extend, as seen in past BTC cycles.
Market participants interpret this as stabilization after volatility, with derivatives data showing reduced leverage on both sides. Combined with ETF data, it paints a picture of cautious optimism.
Risks and What Traders Should Watch Next
Despite the bullish setup, risks remain: macroeconomic data like U.S. inflation reports, Federal Reserve signals, or regulatory headlines could trigger pullbacks. Volatility spikes are common near resistance, so position sizing matters.
Traders should monitor:
- Daily close above $94,600 for breakout confirmation.
- Continued ETF inflows above $400 million daily.
- Fear and Greed Index for any greed spike signaling caution.
- On-chain metrics like exchange reserves for supply dynamics.
Bitcoin’s path to $94,000 and beyond hinges on these factors, positioning it as a focal point for 2026 trading strategies. Stay tuned for updates as this story develops.
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