Bitcoin is currently fighting to stay above an important $92,500 to $94,000 support range. Analysts are closely watching whether price can stabilize here or if weakness will continue. Sentiment remains bearish and technical signals show pressure even as small bounce attempts appear.
At the time of writing, Bitcoin is trading slightly above the $95k mark and is down by more than 1% in the last 24 hours.
On the weekly chart, the SuperTrend indicator is close to flipping from bullish to bearish for the first time in years. One analyst said that the last time this happened was near the start of the 2022 bear market, so a confirmed weekly close below $96,000 could be seen as a negative signal for long-term momentum.
A strong bearish divergence between price and RSI has been forming for almost a month. This usually means momentum is weakening and a breakout is less likely. Because of this, a fast recovery toward new highs is not expected immediately.
Indicators show short-term oversold conditions, which can create brief relief rallies. However, the analyst made it clear that there is no confirmed bottom yet. . If Bitcoin eventually breaks below the current support range, the next major downside zone is expected around $85,000 to $86,000..
If Bitcoin bounces, the strongest resistance barrier is $99,000 to $100,000, which previously flipped from support to resistance. Until this level is reclaimed, analysts expect slow, weak, or sideways price action.
Bitcoin may remain under pressure for several weeks or even months unless major resistance levels are recovered. The upcoming weekly close near $95K is now considered a high-importance moment for market direction.
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.
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 content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP Price Prediction headlines are back in focus this week as the wider market reacts…
The Bitcoin price is again testing the nerves of investors as it nears the psychological…
XRP could reach a new all-time high in 2026, with analysts increasingly pointing to the…
The year 2025 has recently closed, and the XRP price prediction January 2026 is already…
The global financial landscape of 2026 witnesses a fascinating divergence between traditional commodities and digital…
The Ethereum price prediction January 2026 is gaining traction as ETH extends an upward trend…
