Bitcoin is continuing to move in a tight sideways range, with no clear signal yet that a strong new trend has started. On the daily chart,analysts say Bitcoin remains capped below a major resistance zone between $91,000 and $95,500, an area that has repeatedly rejected price over the past few weeks.
This resistance is likely to stay important through the coming weeks and possibly into the first quarter. Bitcoin briefly tested this zone recently but failed to push higher, reinforcing the idea that buyers still lack strength.
No Clear Bullish Signal Yet
There is no solid evidence of a strong bullish breakout at this stage. A move toward much higher levels, such as above $100,000, would require a clean break and hold above the $95,500 resistance. Until that happens, upside scenarios remain unconfirmed.
For now, Bitcoin appears to be forming a corrective phase rather than a fresh rally.
Short-Term Levels to Watch
Bitcoin is trading between near-term resistance around $89,600 to $91,600 and support between roughly $87,900 and $88,800. This narrow range suggests hesitation, with buyers and sellers waiting for a clearer signal.
If Bitcoin breaks above the short-term resistance near $91,600, it would suggest a short-term bounce is underway. However, analysts say this alone would not be enough to confirm a larger trend reversal.
Risk of Another Dip Still Present
Bitcoin could still see one more downward move before forming a more bullish recovery. In that scenario, prices could dip further before attempting a broader rebound.
At the same time, they stress that a drop toward much lower levels is not guaranteed, as there are also alternative scenarios that allow for a recovery if resistance levels are broken decisively.
Market Remains in Wait-and-See Mode
Overall, Bitcoin remains in a holding pattern, with neither bulls nor bears firmly in control. Analysts expect limited movement in the immediate term, with the next clearer price action likely to emerge late in the weekend or early next week.
Until Bitcoin breaks convincingly above resistance, the market is expected to remain cautious, with traders closely watching for signs of either a deeper pullback or a stronger recovery.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
