Bitcoin is currently negotiating around the $ 95,000 mark, the Bulls are struggling to recover higher prices after last week’s push. BTC has consolidated just below the level of critical resistance of $ 96,000, and the next trading sessions are likely to determine whether a decisive break or a breakdown will follow.
The feeling of the market remains cautiously optimistic, but the risks are rising. If Bitcoin fails to push soon higher and lose the support area of $ 90,000, analysts warn that a clear drop in lower levels could quickly take place. Holding above $ 90,000 is crucial to support the bullish momentum and prevent a deeper correction in the short term.
The chain data add an interesting layer to the dynamics of the current market. According to Intotheblock, the number of Bitcoin Active addresses increased sharply yesterday, reaching more than 800,000. Although it is still below historical peaks, this increase indicates a significant increase in activity, which is often an early indicator of the renewed market demand and the growing participation of merchants and investors.
As BTC is reduced in a narrow range, all eyes are now on the fact that buyers can intervene with enough strength to recover the level of $ 96,000 – or if the sales pressure will take control and increase prices.
Bitcoin is below $ 96,000 while chain activity resumes
Bitcoin is now negotiated at a critical inflection point, hovering just below the resistance of $ 96,000 after a strong resumption last week. The bulls found a short -term control after an increase of 12%, but this momentum seems to fade without a clear break greater than $ 96,000. To confirm a real euphoric phase and extend the rally, BTC must decisively rape the level of $ 100,000. Until then, the price action remains confronted and uncertain.
Despite the break, Bitcoin shows signs of resilience. Healthy requests in demand areas between $ 90,000 and $ 92,000 held up, strengthening the bullish feeling – at least for the moment. If these levels continue to act as support, a higher push remains on the table.
However, the macroeconomic opposites persist. Geopolitical tensions, in particular the unresolved trade conflict between the United States and China, as well as concerns concerning a potential global recession, weigh heavily on risk assets. A negative surprise macro could quickly derail the ascending trajectory of Bitcoin.
However, an encouraging signal comes from the blockchain itself. Intotheblock data reveal that the activity of the Bitcoin network increases again, the number of active addresses exceeding 800,000 after yesterday.
Although still below peak levels, this point suggests a renewed commitment and a possible return of retail interest – a historically bullish sign when associated with a high price action. The next few days will be crucial. Will the Bulls recover the momentum and push around $ 100,000, or will external risks trigger a deeper withdrawal?
BTC Price Action is consolidated below the resistance
Bitcoin is currently negotiating at $ 94,900 after spending several days consolidating between the levels of $ 92,000 and $ 96,000. This tight range has maintained traders on board while the bulls try to maintain the momentum while market players await a decisive decision. The key for bulls is now to exceed this consolidation area and push towards the psychological phase of $ 100,000, which would signal a larger rally continuation.
However, without a high escape greater than $ 96,000, the movement is likely to lose steam and can remain linked to the beach in the short term. The absence of a catalyst – whether macroeconomic or technical – could cause continuous lateral action and increased volatility in this narrow strip.
Unpipened, if BTC loses its support at $ 91,000, a drop to the $ 87,500 area is likely, where the mobile average and the previous 200 -day demand areas converge. This level would serve as a critical support test and could define whether the current trend maintains a bullish structure or turns into a corrective phase.
Overall, BTC remains at a crossroads: an escape greater than $ 96,000 could rekindle the momentum, while a rupture less than $ 91,000 could force a deeper level of levels and challenge the current bull’s story.
Dall-e star image, tradingview graphic
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