The price of Bitcoin is currently moving sideways, as traders pause after weeks of volatile trading. Analysts say the market is consolidating, with no clear trend in place, even as long-term expectations around a move toward $100,000 remain alive.
On the daily chart, Bitcoin is locked in a range, reflecting uncertainty rather than strong buying or selling pressure. This phase is typical after large moves and often acts as a base before the next major breakout or breakdown.
The most important resistance zone lies between $91,160 and $95,550. This area has repeatedly capped Bitcoin’s price since mid-January and remains the important level bulls must reclaim. A sustained move above this zone would signal stronger momentum and improve the chances of a renewed push toward six-digit prices.
For now, Bitcoin has failed to break above resistance. This shows the current price action is corrective rather than the start of a new bullish trend. Until resistance is cleared, upside moves are seen as fragile.
Because Bitcoin has not yet confirmed a breakout, some analysts continue to watch the downside. If selling pressure increases, Bitcoin could still slide toward the $74,000–$75,000 area, which is seen as a possible target if the current decline extends.
In the near term, Bitcoin is holding above a critical support zone between $87,858 and $88,763. As long as this range holds, prices may continue to move sideways. A clear break below this area would increase the risk of another sharp drop.
Despite short-term uncertainty, long-term sentiment remains constructive. Many analysts believe Bitcoin’s broader cycle is still intact, with consolidation acting as a reset rather than a trend reversal. However, they stress that a move toward $100,000 in 2026 will require clear confirmation, starting with a decisive breakout above current resistance.
Until then, experts expect choppy price action, with Bitcoin caught between strong resistance overhead and firm support below.
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