BTC turns bullish, with next key resistance in $94K-$95K range: 10x Research

In a recent report on its official channel, crypto analytics firm 10x Research pointed to Bitcoin's (BTC) shift from bearish to bullish, with the next key resistance ranging from $94,000 to $95,000. According to the report, stablecoin inflows have started to pick up, fueling bullish momentum. Cumulative inflows into U.S. spot Bitcoin ETFs have also climbed to $146.3 billion since January last year. "The $95,000 level serves as a key resistance zone and a potential trigger point for short stop liquidations," 10x Research noted, expecting a breakout above this level to spark a further surge. The slow movement of the descending wedge pattern indicates that the price of BTC may rise to $98,000-$99,000, the firm added.