Bitcoin Approaches $93K Resistance, Eyes $98K Target on Rising Demand and RSI Support

• Bitcoin’s price tests the $93,000 resistance, driven by increased buyer interest and stable market structure.

• Rising trading volume and futures open interest highlight sustained momentum above critical support levels.

• RSI has reached a historical support zone, correlating with past price rebounds and suggesting renewed bullish potential, with data showing a 6.47% daily gain.

Bitcoin nears $93k resistance with strong demand and RSI support eyeing $98k target. Explore key levels, market data, and technical insights for informed trading decisions. Stay updated on Bitcoin price movements today.

What is Driving Bitcoin Toward the $93,000 Resistance Level?

Bitcoin is steadily advancing toward the $93,000 resistance as buyers demonstrate robust demand, supported by increasing trading volumes and positive technical indicators. This movement follows a 6.47% daily gain, with the price stabilizing around $92,939 after rebounding from the $87,000 area. Analysts observe that shallow pullbacks and higher intraday lows are reinforcing bullish control within a broader descending wedge pattern formed since late October.

How Do Key Technical Indicators Support Bitcoin’s Potential Breakout?

Bitcoin’s technical setup reveals a tightening range where the price compresses under descending exponential moving averages while maintaining higher lows above $89,000. The Relative Strength Index (RSI) has dipped to a long-term support level that has historically preceded rebounds in 2024 and 2025, with the latest touch aligning with an upward price reversal. Trading volume has surged to $85.67 billion, and market capitalization stands at $1.85 trillion, indicating firm participation. Spot market inflows reached $151.49 million after periods of subdued activity, while futures open interest climbed to $58.8 billion, per data from Coinglass. These metrics collectively suggest that sustained pressure could propel Bitcoin past $93,000 toward $98,000, a target derived from the pattern’s upper boundary and recent momentum. Expert analysis from Captain Faibik emphasizes that breaking this resistance would confirm the next leg higher, as buyers have tested the zone multiple times without yielding significant ground.

Bitcoin approaches the $93k resistance as strong demand, rising volume, and RSI support point to a possible move toward the $98k target.

• Bitcoin buyers continue to test the $93k resistance as rising demand supports a push toward $98k.
• Market data shows strong volume and steady futures interest as price holds above key support zones.
• RSI touches a long-term support area that has aligned with earlier rebounds, suggesting renewed momentum.

Bitcoin bulls are once again trying to break the $93k resistance level, and market watchers continue to monitor this zone as price moves within a broad pattern. Recent data shows stable demand near the mid-range, and analysts say a clear break could send price toward the $98k target. Activity across spot and futures markets has grown as buyers attempt to hold control.

Market Structure Shows Steady Pressure Near $93k

Bitcoin traded near $92,939.44 after a 6.47% daily increase, and price moved from the $87k area toward the 93k zone in a steady manner. According to analysis prepared by Captain Faibik, prices formed higher intraday levels while holding above the $92k region, and each pullback stayed shallow during the session.

$BTC #Bitcoin bulls are once again trying to break the 93k Resistance level..
If they succeed, the next target will be 98k.. 📈 pic.twitter.com/k9ajGcdBeM

— Captain Faibik 🐺 (@CryptoFaibik) December 3, 2025

Market cap reached $1.85 trillion as volume rose to $85.67 billion, and participation stayed firm through the day. The chart displayed a broad descending wedge that has guided price since late October, and buyers moved from the lower boundary in November toward the center of the pattern. “The $93k area has acted as a ceiling across several sessions,” according to the analyst.

Source: CoinMarketCap

Spot flows also recorded a $151.49 million inflow, and this shift followed weeks of weaker activity. Futures open interest climbed toward $58.8 billion, and the increase showed that traders kept positions active during minor pullbacks, according to data from Coinglass.

Key Levels Shape the Next Move

The technical setup presents a clear group of levels as Bitcoin holds above the $91,011–$89,006 support area. Price remains within a tightening range, and Bitcoin continues to compress under descending EMAs while keeping a higher low above $89,000. The $94,251 and $95,414 zones remain the main hurdles for buyers.

Source: TraderTardigrade(X)

According to an observation by Trader Tardigrade, Bitcoin’s RSI touched a long-term support area that has matched earlier rebounds. The chart showed repeated responses from this zone in 2024 and 2025, and the latest contact came as price turned upward. If buyers break the $93k level, analysts say the next target sits near $98k, which aligns with the current pattern and recent market behavior.

Further examination of on-chain metrics reinforces this outlook. Bitcoin’s network has seen consistent hash rate growth, underscoring the security and reliability of the protocol amid rising prices. Institutional interest remains evident through elevated ETF inflows, which have totaled billions over recent months, as reported by financial data aggregators. This capital influx supports the notion that $93,000 is not just a technical barrier but a psychological one, tested repeatedly without a decisive breach yet.

From a broader perspective, macroeconomic factors such as interest rate expectations and regulatory developments continue to influence Bitcoin’s trajectory. While global economic uncertainty persists, Bitcoin’s role as a hedge asset has drawn more attention, contributing to the steady accumulation observed. Traders are advised to watch volume spikes as a confirmation signal for any breakout, ensuring that momentum is backed by genuine market depth.

Frequently Asked Questions

What Happens If Bitcoin Breaks Above $93,000 Resistance?

If Bitcoin successfully breaks above the $93,000 resistance, it could trigger accelerated buying, targeting $98,000 as the next major level based on the descending wedge pattern. Historical data shows that such breakouts often lead to 5-10% gains in the following days, supported by increased futures open interest and spot inflows exceeding $150 million recently.

Is the RSI Indicator a Reliable Signal for Bitcoin’s Current Price Action?

Yes, the RSI reaching its long-term support has proven reliable for Bitcoin, aligning with rebounds in 2024 and 2025. This indicator, currently bouncing from oversold territory, suggests building momentum as price holds above $89,000, making it a key tool for assessing short-term bullish potential in natural market conversations.

Key Takeaways

• Strong Demand at $93,000: Buyers are maintaining control with shallow pullbacks and rising volumes, positioning Bitcoin for a potential upside move.
• RSI Support Alignment: The indicator’s contact with historical lows correlates with past recoveries, backed by $58.8 billion in futures interest.
• Monitor for Breakout Confirmation: A close above $93,000 could target $98,000; watch for volume surges to validate the move and inform trading strategies.

Conclusion

In summary, Bitcoin’s approach to the $93,000 resistance level is underpinned by robust technical indicators like RSI support and surging market volumes, signaling a possible advance to $98,000. As key support zones hold firm, this development highlights the cryptocurrency’s resilience in 2025. Investors should stay vigilant for breakout confirmations to capitalize on emerging opportunities in the evolving Bitcoin market.