Bitcoin (BTC) Price Forecast: $95,000 Resistance at Risk

Bitcoin open interest crossed the $56.4 billion mark at the time of publication on November 19, reflecting a $1.46 billion increase in capital inflows within 24 hours.

Bitcoin open interest reached $56.4 billion on November 19, up $1.46 billion in 24 hours.

Rising open interest during BTC price consolidation is seen as bullish by some investors.

The capital inflows indicate major players are front-running bullish impacts of Nasdaq’s IBIT ETF.

Bitcoin open interest could hit $60 billion if macro conditions remain favorable, potentially pushing BTC price toward $100,000.

Bitcoin’s rally toward $95,000 faces strong resistance, with technical indicators suggesting mixed signals.

Bitcoin (BTC) open interest hit $56.4 billion at the time of publication on November 19, reflecting a $1.46 billion increase in capital inflows within 24 hours.

With BTC open interest surging to all time highs during a price consolidation phase, strategic investors may consider it a major bullish signal.

The $1.46 billion inflows suggests major players are betting big to front-run the bullish impact, as the NASDAQ listing of IBIT ETF for options trading is expected to further deepen institutional adoption of Bitcoin-related products.

If the Bitcoin open interest prods above $60 billion, and macro economic landscape remains dovish, BTC price could be on the verge of breaching the $100,000 milestone.

BTC price forecast: $95,000 resistance at risk

Bitcoin’s rally toward the $95,000 level shows strong momentum but faces critical resistance zones as technical indicators suggest mixed signals.

The daily timeframe highlights a 5.17% gain, pushing BTC to $93,816, amid $1.46 billion capital inflows from traders betting on positive impacts of Nasdaq’s launch of options trading for BlackRock’s IBIT ETF.

In terms of short-term price action, Donchian Channels singals an imminent bullish breakout towards the $95,000 psychological resistance.