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$BTC

Bittcoin (BTC) has surged to $96,000 in recent days, marking another milestone in its 2025 bull run. However, traders and analysts are issuing a clear warning: the rally may be approaching a breaking point.


$SOL

A key resistance zone—identified by multiple technical analysts—has now come into play (highlighted in green). This area, historically a psychological barrier, has already halted previous upward moves, and BTC is showing signs of hesitation just beneath it. The market's failure to decisively break through could signal a fake breakout.

What’s the Concern?

On many charts, a bearish divergence is beginning to take shape. Despite BTC’s price pushing higher, momentum indicators like the RSI and MACD are flattening or even turning lower. This divergence suggests the rally is weakening.

A projected downside move (illustrated by a blue trajectory in technical analyses circulating online) shows a potential drop to the $69,000–$70,000 range if support doesn't hold. This level aligns with previous consolidation zones and could act as a landing pad in a corrective phase.


What to Watch

  • $96K Resistance: A confirmed breakout above this level, especially with volume, could invalidate the bearish scenario.


  • $92K–$94K Support: This is the lower edge of the green resistance zone. A fall below this could accelerate selling.


  • Momentum Indicators: Watch RSI, volume trends, and market sentiment closely. If momentum fails, the correction could happen swiftly.

Macro and Market Context

This BTC hesitation comes as economic uncertainty grows. Recent U.S. GDP data shows a 0.3% contraction in Q1 2025, driven largely by tariff-related trade imbalances. While some investors have turned to crypto as a hedge, others are tightening risk exposure, creating volatility across digital assets.

Meanwhile, platforms like Robinhood and Riot are seeing massive crypto-related activity, with Robinhood’s crypto trading revenue doubling year-over-year. But if Bitcoin enters correction territory, these firms could face reduced retail activity in the short term.

Bottom Line

Bitcoin is at a critical crossroads. A strong breakout above $96K could send prices soaring toward six figures—but failure to hold this level may lead to a swift drop toward $70K. Traders should remain alert, employ risk management, and avoid emotional entries in this volatile phase.