The price of Bitcoin continues to hover beneath a significant resistance zone, reflecting uncertainty as traders await a definitive market direction. On the daily timeframe, Bitcoin has consistently struggled to surpass the resistance band between $92,800 and $101,200—a ceiling that has constrained its value since late November.
Bitcoin Encounters Stiff Resistance
In recent weeks, multiple attempts by Bitcoin to climb higher have been met with rejection near this critical resistance area. These repeated setbacks indicate persistent selling pressure, making it challenging for the cryptocurrency to break out in the near term.
This pattern is typical following a strong upward surge; Bitcoin often experiences consolidation and hesitation before determining its subsequent trajectory.
Short-Term Prospects Depend on Upcoming Days
Experts suggest that the coming days will be crucial for Bitcoin’s immediate trend. Although there are signs hinting at another potential rally, no confirmed breakout has occurred yet. Should Bitcoin fail to breach this resistance soon, downward pressure may intensify leading to further declines.
On shorter timeframes, immediate resistance lies between $90,976 and $92,047. Maintaining levels below this range limits upward momentum significantly.
Key Price Levels To Monitor
If Bitcoin succeeds in overcoming this short-term barrier, it could pave the way toward testing $98,400. Conversely, if rejected once more at these levels analysts caution that prices might retreat toward support zones around mid-$70K territory.
Currently stuck within a narrow trading range respecting both support and resistance boundaries, the market appears poised in wait-and-see mode. The upcoming week is expected to be pivotal in defining Bitcoin’s next substantial price movement.