Bitcoin (BTC) Trapped in $85K–$94K Range as Macro Pressure Limits Breakout

Bitcoin remained near the $90,000 mark as the global financial markets were again under pressure. Geopolitical tensions, stress on emerging-market currencies, and macro uncertainty continued to keep investors glued to the price action, keeping the cryptocurrency within a relatively narrow range.

Bitcoin attempted to leave its falling range on the daily chart, although the price stopped at the $95,000 resistance level. The rapid recovery from the low of $80,000 slowed down as the price approached this major resistance level. BTC also was below the 100-day and 200-day moving averages, which are at about $99,000 and $106,000.

The market structure is attempting to change from bearish to neutral. Above the $90,000 psychological mark, it is considered significant to establish a potential higher low. A solid ground beyond this mark could permit an upward shift to $95,000 and further to $100,000. Falling below $90,000 may put the price in the previous downtrend channel.

Source: TradingView

Bitcoin’s Range Tightens between $85K and $94K

Analyst TheBirbNest highlighted that Bitcoin has accumulated over two months between the $85,000 and $94,000 range. The range has continued to be narrow and has constrained huge movements on either side. He further noted that the price continues to trade down from the 2025 yearly open. That level remains a major resistance zone before rolling into support.

In a larger context, primary support is close to 89,300. Further support areas can be seen around $85,000 and $80,000. Historically, these areas have been the attraction of long-term market players, and leveraged positions are likely to unwind.

Also Read: Bitcoin (BTC) Faces Key Test at $98.5K Short-Term Holder Cost Basis

An established weekly close above the 2025 annual opening would enhance the probability of a push to the $100,000 zone. Liquidity and substantial trading are frequent in that region. A clean break over $100,000 and a successful retest might open the way to the $102,000 level. Even such a move would still need clear acceptance above the breakout point.

Source: X

BTC Faces Downside Risk Toward The $87K Zone

At this point, there is no pronounced directional bias in the market. The price movement is still volatile and does not have a trend. Such an environment is acting to favor the patient approaches and penalize the impulsive action. 

A downward movement below $89,300 can potentially reveal additional losses to the lower range of $87,000. That level coincides with the 0.75 Fibonacci zone, which is reached in the case of rising volatility.

On the weekly chart, Bitcoin trades below the 50-week moving average. This indicator holds a bearish structural bias. Any retest of such a moving average is bound to serve as resistance unless there is favorable buying pressure and continuation.

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