It feels good when your marked zones play out as expected. Bitcoin recently dropped to $74,500 from its peak, but now it's trading around $94,000. The big question for traders is: can BTC break its all-time high again? Let’s analyze the chart data across different time frames to find out.
Starting with the 1-day chart: BTC is facing strong resistance between $94,000 and $98,000. Two days ago, we saw a sharp 7.5% gain in a single day, and the previous week was generally bullish. However, yesterday’s candle shows this resistance is holding firm, and a move down to $90,700 looks likely. If that level fails to hold, we may revisit $87,500. Also, one reason for the recent upward move was the oversold condition on lower timeframes. Overall, the daily chart is in a consolidation phase, and things look uncertain in the short term.
Now moving to the weekly chart: the $74,000–$78,000 support zone has held strong so far. However, I believe #bitcoin is not showing enough strength on the weekly timeframe. Ideally, if it had dropped to $67,000 and bounced, we could say the rally was strong and sustainable. With three days left in the weekly candle, it’s important to watch the $94,000 level. If BTC closes the week above $94,000, next week could be highly volatile. Buyers may try to push higher while sellers defend the resistance, making it a battleground. It’s better not to enter during such uncertainty—wait for a proper signal in the following week instead. If BTC closes this week below $94,000, a drop to $90,000 is likely, and that level will determine the next direction.
On the monthly chart, BTC has gained about 28%, which looks impressive. But considering that BTC dropped 30% in the last two months, a sharp bounce is fairly normal. The $81,500 level held strong as monthly support, showing bullish signs. However, the same resistance from the daily and weekly charts remains relevant here too. In my view, the monthly chart doesn’t look strong either. BTC seems to be standing on weak ground, and from a long-term view, a drop toward $60,000 is still possible if the trend reverses.
Personally, I think long-term holders should not be buying right now. BTC has already moved up significantly. We may see more downside first. If you're wondering whether to sell, I suggest waiting until next week for confirmation. That will give a better picture. If you want to reduce some exposure now, this is not a bad level to do so.
For medium-term holders, it’s important to watch the resistance closely. A fake breakout could lead to major losses, especially for those expecting BTC to shoot up. In my opinion, BTC will likely correct before any major breakout unless next week’s candles—particularly Monday and Tuesday—close strongly above $94,000.
For short-term traders, taking a short position around the resistance zone may be viable, but don’t overstay the trade. Always use stop-losses. Next Monday could be extremely volatile in either direction, and it could shake out a lot of traders. Trade carefully.
Key Points Summary:
$BTC faces strong resistance at $94,000–$98,000.
Support zones: $90,700 and $87,500.
Weekly close above $94,000 = high volatility next week.
Weekly close below $94,000 = possible drop to $90,000.
Monthly resistance remains unbroken; $81,500 held as support.
Long-term holders should wait and observe next week’s price action.
Medium-term holders: avoid reacting to fake breakouts.
Short-term traders: short within resistance, use stop-loss, manage risk.
Monday could be highly volatile—watch candle closes carefully.
Always do your own research and manage risk according to your trading style.
⭐ Request By @kimkylanBTC To Analyze #BTC