Bitcoin price is once again testing a key resistance area between $92,734 and $101,156, a range that analysts have been warning about throughout the current market cycle. The move comes after BTC rebounded sharply from last week’s lows near $83,000, marking a temporary recovery in a volatile month.
The resistance zone has repeatedly acted as a barrier for Bitcoin, and the reaction here is expected to set the tone for next week.
Long-term charts flag important moving averages
The long-term logarithmic chart focuses on one of Bitcoin’s most important trend indicators, the 55-week exponential moving average (EMA). This EMA is currently located near $98,300, and this level has provided solid support throughout previous stages of the bullish cycle.
From 2024 to early 2025, Bitcoin bounced off this moving average several times. However, during the latest correction, BTC fell below it for the first time this cycle. Historically, such breaks have coincided with significant declines in the 30% to 35% range. The recent decline of about 35-36% is consistent with past corrections.
Next week’s market reaction will be important.
Now that Bitcoin has reached the expected resistance zone after the rebound from $83,000, the focus has shifted to what the price will do next.
If the market turns lower, the next major support zone is between $83,240 and $88,160, an area that remained solid during last week’s decline. A move into this area would indicate that prices are forming a broader integrated structure.
There is no clear summit in sight at this time. Bitcoin only showed a brief rebound candlestick at the resistance level, but it did not show enough weakness to warrant a deeper decline. The market is still in a waiting phase.
Levels worth paying attention to in the short term
On the lower time frame, Bitcoin sits just above a small support area between $88,690 and $90,330. This is considered a minor support band rather than a major structural level. If the price falls below $88,690, analysts expect BTC to retest the broad mid-$80,000 support.
