The bulls are facing a tough battle at the $95,000 level as they try to push Bitcoin (BTC) price back above this key point following a slip on May 4, bringing the bears into play.

At the same time, new data shows that spot Bitcoin ETF investors have been making notably large buys throughout last week, highlighting a positive shift in investor sentiment.

As the legal and regulatory landscape evolves, institutions appear increasingly comfortable making direct investments in Bitcoin, preferring to hold the asset itself rather than derivatives, according to a report by asset allocator HODL15Capital.

Highlighting the stark difference in buying activity, the report notes that while 3,150 Bitcoin were mined during the week, an astounding 18,644 Bitcoin were bought by ETF issuers and institutions, showcasing the massive scale of institutional accumulation.

However, despite the bullish efforts, the bulls are encountering difficulties in sustaining the price above the breakout level of $95,000.

Pointing out the surprising factor, senior researcher at Glassnode CryptoVizArt said on X that Bitcoin remaining above $93,000 was very surprising and also risky as the rally to the $93,000 to $96,000 range “pushed the profit-taking volume above the statistical levels.”

According to CryptoVizArt’s analysis, there were more than $9 in realized profits for every dollar realized in loss. This suggests that while some investors were cutting their losses, another set of investors were busy booking gains at these price ranges, leading to an imbalance in profit-taking volume.

The post provides an insight into the dynamics of the recent Bitcoin price moves and how various actors, including miners, institutions, and ETF issuers, are influencing the cryptocurrency markets.

Here are the crucial support and resistance levels to watch out for in Bitcoin and select altcoins.

S&P 500 Index price prediction

The S&P 500 Index (SPX) extended its recovery last week and rose above the 50-day simple moving average (5,575).

The 20-day exponential moving average (5,501) has started to turn up, and the relative strength index (RSI) is in the positive territory, indicating advantage to buyers. The up move could reach 5,800, which is expected to attract strong selling by the bears. If the price turns down from 5,800, it is likely to find support at the 20-day EMA.

Sellers will have to yank the price below the 20-day EMA to suggest that the bullish momentum is weakening. The index may drop to 5,400 and subsequently to 5,300.

US Dollar Index price prediction

The US Dollar Index (DXY) bounced off the 99 support on April 29 and reached the 20-day EMA (100.38) on May 1.

Buyers are facing stiff resistance at the 20-day EMA, but a minor positive is that they have not ceded much ground to the bears. That improves the prospects of a break above the 20-day EMA. If that happens, the index could rise to the 61.8% Fibonacci retracement level of 101.39 and then to the 50-day SMA (102.72).

This positive view will be invalidated if the price continues lower and breaks below the 99 level. That could sink the index to the critical support at 97.92.

Bitcoin price prediction

Bitcoin closed below the $95,000 support on May 4, and the bears are trying to extend the pullback to the 20-day EMA ($92,204).

Buyers will have to fiercely defend the 20-day EMA to keep the bullish momentum intact. If the price bounces off the 20-day EMA with strength, the bulls will again try to propel the BTC/USDT pair to the psychological level of $100,000.

If, on the other hand, the bears manage to whisk the price below the 20-day EMA and close the candlestick below this level, it signals that the bulls are rushing to the exit. That may sink the pair to the 50-day SMA ($86,890). A deeper pullback suggests a range formation in the near term.

Ether price prediction

Buyers have managed to sustain Ether (ETH) above the moving averages, signaling strength.

The 20-day EMA ($1,771) is sloping up gradually, and the RSI is in the positive territory, indicating that the path of least resistance is to the upside. There is minor resistance at $1,957