Bitcoin it is at a critical crossroads, hovering between two major price zones that could define its next big move. Buyers and sellers are in a close fight, and the market is now waiting for a decisive break. A push above key resistance could open the door to $107,000, while weakness in support risks a deeper decline towards $71,000.
Rejection scenario: Retracement towards the pink box and downtrend line
Kamile Uray, in his latest update on Bitcoin noted that BTC failed to hold above the $90,720 level on the hourly chart, sparking the expected drop. The first immediate support now stands at $87,644, while the deeper support range lies between $83,822 and $82,477. If buyers successfully defend this zone, Bitcoin could attempt another rally towards the pink box region and retest the descending trend line.
Related reading
Uray explained that a sustained move above the pink box resistance on the daily time frame would open the door for Bitcoin to challenge the descending blue trend line. A confirmed breakout from this area could strengthen the bullish momentum, pushing the price towards the next big one resistance levels to $98,200 and $107,500. A break above $107,500 along the descending trend line would serve as a strong signal that the broader uptrend is poised to continue.
However, she cautioned that a daily close below $82,477 would move it market structure towards further weakness, putting Bitcoin at risk of retracing to lower levels. Even so, Uray highlighted one critical area of strength: the $74,496 to $71,237 zone. This region represents a key breakout from November 2024 and is considered strong historical support. In this area, buyers can jump in aggressively, potentially setting the stage for growth reversal.
Bitcoin price rejection in $93,000-$95,000 zone
According to for Crypto Candy, the latest Bitcoin price has been going exactly as expected. After facing rejection at the $93,000-$95,000 resistance zone, BTC fell sharply and almost touched the expected $86,000-$87,500 support range. The move reflects a broader market reaction to heavy sale pressure near the upper resistance band.
Related reading
Crypto Candy emphasized that the $86,000 to $87,500 zone now serves as a key pivot area. If buyers successfully defend this support and the price stabilizes above it, Bitcoin could once again return to the $93,000-$95,000 range or even push beyond it.
Such a jump would signal renewed bullish momentum and set the stage for another attempt to break through higher resistance levels. However, the analyst also warned that a failure to hold the $86,000-$87,500 support could trigger a deeper move down. If the level eases, Bitcoin could slide into lower price zones in the coming days as bearish pressure intensifies.
Featured image from Pixabay, chart from Tradingview.com
About the Author
