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Bitcoin’s short-term price direction remains uncertain as the market struggles to see what it will next move. Analysts and investors are split, with some seeking a breakout to a new all-time high, while others expect new sales pressures at low prices. Prices have been consolidated in a narrow range for the past 12 days, facing resistance below $100,000, above the $94,000 demand level.
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Cryptoquant’s key data reveals that the closest support zone to BTC is formed between $91,000 and $95,000. This range is enhanced by two key technical indicators: the 111-day Simple Moving Average (SMA 111D) currently at $95,000, and the Short-Term Holder (STH) delivers a price of $91,000. These levels suggest that BTC is trading beyond historically important support areas where short-term holders have achieved profits or losses.
The long-term structure remains bullish, but investors are becoming impatient as BTC cannot regain its main resistance levels. If Bitcoin can push more than $100,000 in the coming days, analysts are hoping to meet up for price discovery. However, losing support from around $94,000 to $95,000 could lead to an increase in sales pressure and a deeper correction to a low demand zone.
Bitcoin prepares for a critical move
Bitcoin’s recent integration phase has fueled speculation about potential breakouts. Many analysts suggest that the market is witnessing calm before the storm. The short-term direction remains uncertain, but the long-term bullish structure remains intact, with many expecting BTC to move quickly towards a new history high.
Crypto analyst Axel Adler shares X’s critical encrypted data, highlighting that Bitcoin’s closest support zone forms around $91,000-95,000. This range is important as it delivers a 111-day simple moving average (SMA 111D) and $95,000, with short-term holders (STHs) achieving prices at $91,000. These levels represent areas where short-term holders have historically achieved profits or losses, and are important to maintain bullish momentum.
On the resistance side, Adler points out that Bitcoin is facing a key supply zone between $98,000 and $101,000. This area is defined by the owner’s total exit price, with a holding period of $100,800 for a week to one month and a holding period of $98,200 for a one month to three months.
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As BTC continues to trade within this narrow range, investors are closely watching these levels for a critical breakout. Pushing over $101K can cause rallies in price discovery. Losing support for $91,000 can lead to even more downsides.
The BTC Bulls face a big test
Bitcoin is trading at $95,600 after nearly two weeks of lateral movement within a narrow range, fluctuating at less than 4% in either direction. This long-term integration awaits a critical move in either direction, giving traders the advantage.
To maintain a bullish structure, the BTC must maintain a level of $95,000. This price range coincides with technical support, and the breaks below that could indicate strong sales pressure. The Bulls are facing important tests at this stage. Because they have to defend this support and start pushing above the main levels of resistance.
To see a breakout, Bitcoin will need to regain its $98,000 mark and ultimately the psychologically significant $100,000 level. Successful moves beyond these levels will challenge the highest ever highs and provide the momentum needed to re-enter price discovery. However, if you can’t hold $95,000, then BTC could potentially test a support zone close to $91,000, potentially close to $91K.
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As Bitcoin consolidates, traders are cautious and monitor the volume spikes and increased purchase pressure to see the next price movement. The next few days will be important in determining whether BTC will resume uptrends or face further revisions.
Dall-E special images, TradingView chart
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