Bitcoin’s Last Dip Before Takeoff? Key Levels to Watch Closely
Current Price Snapshot
Market Pulse:
Bitcoin is knocking on a major resistance door in the $BTC 95,400–$95,800 range — a level that’s rejected upward movement multiple times. Sellers are active here, but the overall structure is still leaning bullish, with price printing consistent higher lows and following a strong ascending trendline.
Structure Breakdown:
Price is currently consolidating just under resistance, showing signs of hesitation. Bulls are testing the highs, but momentum is fading — no breakout yet. On the flip side, the support zone at $93,000–$93,800 has acted as a launchpad before, aligning with the rising trendline from recent swing lows. This area may offer a critical point for a liquidity grab and bounce.
Potential Scenarios:
Bullish Outlook:
A healthy dip into $93K–$93.8K could shake out weak hands and set the stage for a stronger rally.
If this zone holds and the trendline stays intact, bulls may regain control and push price beyond $95.8K.
A confirmed breakout above $95,800 could ignite a wave of breakout buying, possibly driving BTC to $105K and beyond.
Bearish Threat:
A break below $93K and the trendline would crack the short-term bullish structure.
This could lead to a deeper correction and delay any significant upside action.
Tactical Play:
The smart move? Let price pull back. Entering near resistance is risky — better to watch how BTC reacts near $93K. If support holds firm and the trendline remains valid, it could offer a powerful entry for the next bullish wave.
Final Thoughts:
Bitcoin looks primed for a short-term correction to gather strength. As long as the ascending structure holds, the door remains open for a rally toward $BTC 105K. Patience and precision will be key in the coming days.
Stay sharp. Stay strategic.
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