Bitcoin Battles Between Key Support and Resistance – What’s NextBitcoin is currently trading near $94,500, resting on a strong confluence of support. The price is testing the 100 EMA on the 12-hour chart, which aligns with a critical horizontal support zone around $93,000. At the same time, a descending trendline is acting as resistance, keeping the price under pressure.
A breakdown below the marked support zone could trigger a sharp decline toward the next significant level around $88,000. On the other hand, if BTC holds this support and breaks above the descending trendline, it could signal a bullish reversal, pushing the price back toward $98,000 and potentially higher.