Current Price:

BTC: $96,173.55 (+1.22%)

BTC (latest): $96,962.49 (+3.17%)

Bitcoin is pressing up against a major resistance zone between $95,400 and $95,800 — a level that has historically capped upward momentum. Sellers continue to defend this area aggressively, making it a critical battleground for the next move. Despite the resistance, Bitcoin’s broader market structure remains bullish, supported by consistent higher lows and a solid upward trendline.

Market Outlook:

At the moment, Bitcoin’s price action shows signs of consolidation just below resistance, reflecting market indecision. While bulls have tested the highs multiple times, a clear breakout hasn’t yet materialized. Meanwhile, short-term momentum is showing signs of slowing down.

On the downside, the $93,000–$93,800 support zone has repeatedly acted as a springboard for bullish moves. This area aligns with an ascending trendline formed by previous swing lows, making it a potential zone for liquidity grabs and a fresh push upward.

Key Scenarios:

Bullish Case:

A dip into the $93K–$93.8K range could flush out weak long positions and reset the market for a stronger advance. If buyers successfully defend this level and the trendline holds, we could see renewed momentum leading to another test — and possible breakout — above resistance. A clean break and close above $95,800 may trigger a surge toward $105,000+, fueled by stop-loss triggers and breakout buying.

Bearish Case:

If the $93K–$93.8K support zone and trendline fail, it would break the short-term bullish structure and open the door for a deeper pullback, potentially delaying any immediate move higher.

Strategy Insight:

For bullish traders, the optimal scenario is a controlled pullback into the $93K region, followed by a strong bounce. Chasing price into resistance carries higher risk, while waiting for confirmation at support could present a more favorable entry point. Observing price reaction at both the support zone and the critical $95.8K level will be key to gauging the next move.

Conclusion:

Bitcoin may be setting up for a brief dip to rebalance market liquidity before launching a decisive breakout. As long as the ascending trendline remains intact, the bullish structure stays valid. A sweep of local lows could create a high-probability long opportunity targeting $105K and beyond.

Posted on Binance Square Write to Earn by NoriFtm

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