Bitcoin continues to move within a narrow band without establishing a clear direction in recent weeks. On the daily charts, it can be seen that the price is having difficulty clearing the strong resistance zone between $91,000–95,500. Analysts emphasize that buyers have not yet created the momentum to pass these levels permanently. This chart reveals that the market is in a cautious waiting period in the short term.
Why Is Bitcoin Struggling to Hit $100,000?
According to market data, Bitcoin is facing selling pressure in the $91,000–95,500 range, which has been tested repeatedly in recent weeks. This range is considered both a prominent resistance zone in technical analysis and a critical threshold that turned the price back in previous attempts. Analysts agree that this level may remain important for the coming weeks and even into the first quarter of the year.
The recent attempt to rise towards this region was not permanent. The price retreat again showed that the buying appetite in the market remained limited and a strong trend change has not yet been confirmed. For this reason, scenarios above 100 thousand dollars only make sense if there is a clear breakout and persistence above these levels.
According to analysts, the current structure indicates a price behavior that is a correction rather than a new rally. While the balance between buyers and sellers creates an unstable outlook in the market, expectations for higher levels have been postponed for now.
Which Levels Are Followed in the Short Term?
In the technical view, the short-term resistance area is formed in the $ 89,600–91,600 band. On the downside, the $87,900–$88,800 range stands out as an important support zone. This narrow price range reveals that the market is searching for direction and investors are waiting for a clear signal.
Breaking above $91,600 may open the possibility of a short-term recovery. However, analysts state that this move alone will not be enough to confirm a larger trend reversal. For a stronger outlook, persistence above the main resistance zone is considered essential.
Downside risks have not completely disappeared. It is stated that in some scenarios, Bitcoin may experience a retreat again and then attempt a healthier recovery. However, it is not presented as a definite expectation that the price will drop to much lower levels. Market participants evaluate that a clearer price behavior may occur towards the end of the week or in the first days of the new week.
