Bitcoin price stalls under $94,000; downside rejection risk grows

Bitcoin price continues to struggle below the $94,000 resistance zone, with weakening momentum and rising downside risk suggesting a potential move toward the next major support at $78,430.

Bitcoin (BTC) price is facing renewed bearish pressure as price action fails to reclaim the crucial $94,000 resistance level. After several days of consolidation below this threshold, the market has not shown the strength or volume required for a decisive breakout.

Instead, the combination of technical resistance, weakening momentum and declining buyer participation has begun to raise concerns that a deeper corrective move may unfold. With multiple indicators aligning against upside continuation, Bitcoin now risks rotating back toward lower support levels as rejection pressure intensifies.

Bitcoin price key technical points

• Bitcoin has consolidated beneath $94,000 for several days without a successful breakout.
• The $94,000 zone aligns with daily resistance, the 0.618 Fibonacci level and VWAP resistance.
• Failure to hold above the point of control may trigger a flush move toward $78,430.

Bitcoin’s recent price behavior highlights clear difficulty in overcoming the heavy resistance cluster around $94,000. This region has acted as a ceiling for the past several days, preventing any meaningful upward continuation. A breakout in this area requires conviction supported by volume, but current price action has shown little such demand. Instead, the market continues to print weaker candles beneath resistance, revealing hesitation from buyers and a lack of bullish momentum. 

This comes as industry attention increasingly shifts toward the idea of commoditized hashrate as Bitcoin mining’s next financial frontier, though broader narratives have done little to strengthen price at this critical level.

The resistance zone itself carries significant weight. The daily time frame shows a well-respected horizontal resistance at $94,000, which is further reinforced by the 0.618 Fibonacci retracement level from the previous major swing. Adding to this confluence is the volume weighted average price, which also sits in the same region. Together, these technical factors form a strong barrier that Bitcoin must overcome to regain bullish structure. At present, the market has not demonstrated the strength needed to push through.

The next notable support rests at approximately $78,430. This level also aligns with the weekly high-time-frame support and serves as the current channel low. Historically, Bitcoin has responded with precision to this channel structure, bouncing cleanly from the bottom before retesting the upper boundary. If the pattern holds, a move back down to this level remains a high-probability scenario.

Until buyers demonstrate commitment through increased volume and a successful reclaim of the $94,000 resistance level, Bitcoin is likely to remain vulnerable. Traders will be closely watching how price interacts with both the resistance cluster above and the point of control below, as these two levels will determine whether the market stabilizes or slides further. 

Even major industry voices echo this sentiment, with Strategy’s CEO stating that selling Bitcoin is “Plan Z” and that they accumulate regardless of price, yet such long-term conviction has not translated into short-term strength at current resistance.

What to expect in the coming price action

If Bitcoin continues to struggle beneath $94,000 and loses the point of control on a closing basis, a move toward the $78,430 support is likely. Only a strong breakout with confirmed bullish volume would shift momentum back in favor of the bulls.