Bitcoin Tests the Resistance Band Under $95,000—What's Next for Buyers?

Bitcoin is navigating a critical consolidation phase in the sub-$95,000 zone after a strong intraday rally pushed prices toward $94,050. The world’s largest cryptocurrency is currently trading around $94.19K (up 1.15% on the 24-hour chart), with the 24-hour range firmly established between $92.94K and $94.80K. This tightening price action reflects a market pause as traders reassess their positions ahead of the next significant move.

The Technical Picture: Holding Ground Above Key Levels

Price action remains anchored above the 100-hour Simple Moving Average—a critical technical floor that validates the broader uptrend structure. For the bullish narrative to stay intact, Bitcoin must maintain this critical support while working through the resistance band under $100,000 that encompasses the $93,000–$94,000 tier.

The path forward for buyers hinges on a decisive breakout scenario. If BTC can convincingly close above the $94,000 resistance band, the door opens toward $95,000 and potentially the $96,200–$96,450 zone. This progression represents the logical profit target for trend-following traders who are banking on sustained momentum continuation.

The shallow nature of the recent pullback—only retracing to the 23.6% Fibonacci level—suggests buyers are treating this consolidation as a healthy digest of gains rather than a reversal signal. The structure remains constructive so long as prices stabilize above $92,000.

Downside Risk: Where the Buck Stops

Not all scenarios favor an upside breakout. If sellers mount a credible defense at the $94,000 resistance band and force price action lower, immediate attention shifts to downside management.

The $91,650 level becomes the first critical test. A break below this support would signal deteriorating bullish momentum and likely attract additional selling pressure. Should that threshold fail, the $90,500 zone—previously acting as intermediate resistance before the rally—must now prove its mettle as a support floor.

A loss of $90,500 would expose Bitcoin to a deeper washout toward $88,950 (the 50% Fibonacci retracement point). This midpoint level is where the market structure could undergo a meaningful shift. Failure to hold at $87,200–$87,750 would transform the narrative from “consolidation pause” to “genuine correction,” signaling the current bull cycle faces serious challenges.

Momentum Tells a Mixed Story

Technical indicators are flashing caution signals beneath the surface:

The hourly MACD has flattened despite remaining positive, confirming that the explosive momentum seen earlier this week is cooling. The Relative Strength Index (RSI) has dipped below the neutral 50 level, reflecting mounting seller participation in the price-discovery process.

These divergences suggest buyer fatigue is genuine, even if price remains technically constructive.

The Verdict

Bitcoin stands at an inflection point. Bulls need to close decisively above the $94,000 resistance band to maintain credibility toward $95,000 and beyond. Meanwhile, bears are watching for a slip below $91,650 to trigger a reset scenario that could drag prices back toward $87,000–$88,000.

The next 24 hours will likely prove decisive. Consolidation at highs rarely persists indefinitely—the market will demand clarity soon.