After retreating from levels above $103,000, Bitcoin did not accelerate lower as selling pressure eased near the $92,000–$95,000 range. Instead, price stabilized as spot demand absorbed downside attempts, suggesting buyers were positioned in advance rather than reacting to weakness.
Bitcoin Price Today Holds Above Critical $92K–$95K Support
Market structure over recent sessions shows Bitcoin repeatedly testing, but failing to break below, the $92,000–$95,000 support band. Each dip into this range has been met with visible absorption, particularly during Asian and early European trading hours, where spot volume has remained relatively steady.
Bitcoin is trading near $95,400 after rebounding from $92,000 support, with bullish technical signals pointing higher despite overbought conditions and mixed demand signals. Source: Ted via X
Ted Pillows, who focuses primarily on chart-based trend structure, described the setup as “a classic BTC breakout,” emphasizing the importance of holding the ascending trendline formed after the $94,500 reclaim. His observation aligns with historical TradingView data showing that prior 50–60 day consolidation phases often resolved higher once former resistance flipped to support.
At the time of writing, the Bitcoin BTC price continues to trade above $94,500. This level has become a short-term pivot, with failed breakdown attempts reinforcing its relevance beyond a single intraday bounce.
Technical Indicators Point to Renewed Momentum
From a technical perspective, momentum indicators have improved, though not without limitations. On the daily timeframe, the MACD has crossed into bullish territory for the first time since the late-November consolidation. In previous instances, similar signals led to continuation only when accompanied by expanding volume within the following two to three sessions.
On the weekly chart, RSI shows early signs of hidden bullish divergence, where momentum strengthened despite the price moving sideways. While this can support trend continuation, it has historically failed when price closes decisively below structural support, underscoring the importance of confirmation rather than assumption.
BTC/USD has reclaimed $94,400, holding support and signaling potential upside toward $98,000, supported by recent net buying in the Asian trading session. Source: Crypto Tony via X
Crypto Tony, known for short-term momentum and level-based analysis, noted that Bitcoin “reclaimed $94,400 and held,” adding that sustained acceptance above this level “opens the door for $98,000 and above.” He also pointed to consistent buying during Asian sessions, which has helped limit downside follow-through.
Bitcoin Pullback Seen as Consolidation, Not Breakdown
The decline from $103,040 to the $95,000 region has so far unfolded as a measured pullback rather than a disorderly sell-off. According to Don Wedge, whose analysis centers on intraday structure and support clustering, Bitcoin remains within a broader bullish framework as long as the price holds above the $92,000–$95,000 demand zone.
Bitcoin pulled back from $103K to $95K, holding $92K–$95K support with a potential rebound toward $103K amid post-halving volatility. Source: Don via X
Short-term charts show tightening ranges following the sharp rally, a pattern that often precedes expansion once liquidity resolves. However, derivatives data indicate a growing imbalance toward long-side positioning, increasing the risk of liquidation-driven volatility if support fails.
While some intraday bearish formations persist, the broader trend remains intact unless Bitcoin produces sustained closes below $92,000. A breakdown through that level would likely shift focus toward the $88,000–$90,000 liquidity range instead of higher targets.
Macro Factors and Institutional Activity Remain Supportive
Beyond chart structure, broader conditions continue to influence the bitcoin price news today. Softer U.S. inflation data, with CPI easing to 2.6%, has reduced immediate macro pressure on risk assets. This backdrop has coincided with renewed institutional engagement, which has played a stabilizing role during recent pullbacks.
MicroStrategy’s addition of more than 13,600 BTC has reinforced long-term accumulation narratives, even as some data points suggest U.S. spot demand has lagged compared with international flows. Analysts generally agree that institutional participation tends to smooth volatility rather than eliminate it, particularly during late-cycle price discovery phases.
Bitcoin Price Outlook Remains Data-Dependent
Near-term bitcoin price predictions today increasingly reference $98,000–$100,000, but these outcomes remain conditional. Sustained daily closes above $95,000, supported by rising volume, would strengthen the case for continuation. Failure to maintain this zone, however, would likely redirect attention toward lower support rather than invalidate the broader cycle.
Bitcoin was trading at around 94,957.33, up 3.17% in the last 24 hours at press time. Source: Bitcoin price via Brave New Coin
Longer-term projections, including the bitcoin price prediction for 2025 and the bitcoin price prediction for 2030, are based on multi-year cycle analysis and should not be conflated with the current short-term structure.