Bitcoin Breaks 10M SMA:Will a Major Rebound Follow?

Key Insights:

• Bitcoin breaks below 10M SMA, but historical patterns suggest a retest could be coming soon.
• RSI on a 3-day chart rebounds from channel bottom, showing signs of growing market momentum.
• $95K holds as short-term support, with key zones at $94K and $92K now in focus.

Bitcoin has slipped below its 10-month Simple Moving Average (10M SMA), a level that has often acted as a pivot in previous market cycles. This moving average has historically served as both support and resistance. When price closes beneath it, Bitcoin tends to return to that level before continuing in either direction.

The current monthly chart shows a pattern similar to past moves. Bitcoin is positioned just under the 10M SMA, which could point to an upcoming retest. The chart also marks $103,000 as a possible resistance, with lower support zones noted around $43,000 and $13,000. These areas have reacted to price in the past and may attract attention again.

Short-Term Setup Shows Support Zones

On the 4-hour chart, Bitcoin recently broke above a descending resistance line after forming a higher low. This structure often appears in trending markets and can indicate continued strength. Price reached above $95,000 before pulling back slightly.

Two support areas are visible on this timeframe. The first is near $94,000, the second closer to $92,000. Both are within previous ranges where buyers stepped in. The chart outlines two possible paths: either a bounce from the current level or a further drop toward the lower support before another move upward.

RSI Trend Points to Building Strength

A 3-day chart combines price movement with the Relative Strength Index (RSI). The RSI line is climbing after touching the bottom of a long-standing channel. This pattern has repeated several times. Previous lows in RSI have lined up with price bottoms. High points on the RSI have matched with market tops.

The latest RSI movement shows momentum gaining after the recent bottom. The price chart also supports this view, with a projection suggesting that Bitcoin could reach above its prior high. If the trend continues, price may aim for the $140,000 area before mid-2026. This view depends on how RSI behaves near the top of its channel.

Current Market Level and Activity

Bitcoin was trading at $95,222.86 at the time of writing. Over the past 24 hours, the price has declined by 0.20%. However, it has gained 4.97% over the past seven days. These moves reflect a mix of caution and continued interest from traders.

 Ali Charts noted,

“After losing the 10M SMA, Bitcoin often revisits it before the trend continues,”

 This statement points to a possible near-term return to that key moving average before the next clear direction is confirmed.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.