Bitcoin has recently undergone a significant rally, causing its price to rise above $90,000 after more than five weeks of stagnation. At present, Bitcoin is trading around $94,401, close to the crucial resistance level of $95,761.

This rally indicates that Bitcoin is still far from reaching its saturation point, and further upward momentum may be possible if key resistance levels are overcome. The market sentiment regarding Bitcoin remains highly positive, with investors displaying a strong sense of optimism for future price increases. Social media analysis reveals a substantial increase in bullish sentiment, with the number of optimistic posts surpassing levels last seen on November 5, 2024, the night of Donald Trump's election. This surge in positivity implies that many investors are prepared to take advantage of Bitcoin's potential growth, further driving its upward trajectory.

Nevertheless, the extreme levels of greed in the market raise concerns about the sustainability of this upward trend. As investor sentiment grows increasingly optimistic, there is a risk that this could result in a local peak if too many traders become excessively greedy.

The broader macro momentum for Bitcoin is indicating a rebound, particularly in the Profit\/Loss (P\/L) ratio, which is nearing a neutral 1.0 level. This transition signifies a balance between coins in profit and those in loss. Historically, the 1.0 threshold has acted as resistance during bearish phases, but a sustained move above this level could signal a stronger recovery and continued upward momentum for Bitcoin.

Although the shift towards a neutral P\/L ratio suggests potential strength, it also introduces the possibility of selling pressure as investors seek to secure profits. Consequently, Bitcoin's ability to sustain momentum will hinge on how investors respond to price fluctuations and whether they choose to sell or retain their positions.

In the past seven days, Bitcoin's price has increased by 10%, currently trading at $94,401. The leading cryptocurrency is now just beneath the critical resistance level of $95,761, which has remained stable for some time. Breaking through this level would place Bitcoin on course to achieve new all-time highs, with $100,000 being the next major target.

If Bitcoin surpasses $95,761, the rising greed within the market is expected to prompt investors to hold onto their positions instead of selling. This is likely to bolster the bullish momentum of altcoins, propelling Bitcoin closer to $100,000 as traders continue to seek opportunities to capitalize on potential gains.

However, should Bitcoin fail to stay above $93,625, the price might drop towards the support level of $91,521. A more pronounced decline to $89,800 could jeopardize the bullish momentum, postponing any immediate recovery and heightening the likelihood of a consolidation phase.

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