After a series of declines, Bitcoin has reached a crucial support area, sparking renewed interest from traders. This zone is significant as it aligns with the 100-day moving average and a key psychological threshold around $95,000.
Critical Support Zone
If Bitcoin fails to hold above its current level, it could trigger intensified selling pressure, potentially driving the price down toward the major $90,000 support. However, if Bitcoin manages to bounce strongly from this region, it could signal the start of a recovery, with buyers aiming for a retest of the ascending channel’s midline near $100,000.
Market Uncertainty
On shorter timeframes, Bitcoin’s price movements have been volatile yet directionless, reflecting a period of consolidation marked by low volatility. The $90,000 level remains a critical demand zone, having provided strong support since late 2024.
Bitcoin Price Prediction
Traders should exercise caution as Bitcoin remains trapped in this extended trading range. A decisive move above $108,000 could signal the start of a new bullish phase, while a drop below $92,000 might trigger a sharp market downturn, potentially leading to a broader crypto crash.
Until a clear breakout occurs, expect heightened volatility and stay alert for sudden price swings.
