Bitcoin dipped back under the $95,000 breakout level on May 4, signaling some profit-taking at the top. Bulls tried to reclaim that level on May 5 but ran into strong resistance from bears. According to Glassnode’s CryptoVizArt, it’s surprising — and risky — that BTC has managed to hold above $93,000. He pointed out that the surge into the $93K–$96K zone triggered massive realized profits, with more than $9 in gains for every $1 in losses. Even so, the bull case isn’t dead.

US-based spot Bitcoin ETFs pulled in a solid $1.8 billion last week, with institutions and ETF issuers stacking over 18,600 BTC — way more than the 3,150 new coins mined during the same period, according to HODL15Capital. That kind of buying pressure could help bulls maintain the upper hand if the broader market doesn’t roll over.

Bitcoin slipped below the key $95,000 level on May 4, showing that bears are tightening their grip and trying to push the price down toward the 20-day EMA, which sits at $92,204. This zone is crucial — bulls will need to step in aggressively to hold the line and keep the uptrend alive. If BTC bounces off the 20-day EMA with strength, there’s still a shot at another move toward the big psychological target at $100,000. But if BTC closes below that EMA, it signals that buyers are starting to bail, and momentum could shift in favor of the bears. That could drag the pair all the way down to the 50-day SMA near $86,890. A correction this deep might mean Bitcoin is heading into a range-bound phase in the short term.

Ether is holding steady above its key moving averages, which is a solid sign for the bulls. The 20-day EMA at $1,771 is starting to tilt upward, and the RSI is staying in positive territory — both hint that ETH has room to climb. There’s some resistance around $1,957, but it doesn’t look like a major roadblock. If bulls break through that, ETH could rally to the $2,111 level, where sellers are likely to show up in force. On the flip side, if ETH breaks down and closes below both moving averages, it opens the door for a deeper drop toward $1,537 — and possibly even retesting the crucial $1,368 support.

Lastly please check out the advancement’s happening in the cryptocurrency world

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