Bitcoin prices continue to trade below key resistance zones and are showing signs of hesitation as the market awaits clearer direction. On the daily chart, Bitcoin has repeatedly failed to break above the $92,800 to $101,200 resistance range that has capped the price since late November.
Bitcoin faces strong resistance
Over the past few weeks, Bitcoin has made multiple attempts to move higher, but each time it has been rejected near this resistance area. These repeated declines indicate that sellers are still active, making it difficult for the price to break out in the short term.
This type of price movement is not uncommon after a strong rally, as Bitcoin often pauses and struggles before deciding on its next move.
Short-term outlook depends on the weekend
Analysts say the next few days could be critical for Bitcoin's near-term direction. Prices are still showing signs of possible further upside, but no breakout has been confirmed yet. If Bitcoin fails to break above resistance soon, further downward pressure could build.
On the shorter time frame, Bitcoin faces immediate resistance between $90,976 and $92,047. As long as the price remains below this zone, upward momentum remains limited.
Remarkable level
If Bitcoin manages to break through this short-term resistance level, it could open the door for a move towards $98,400. However, if the price is rejected again, analysts warn that Bitcoin could revisit lower support levels and fall towards the mid-$70,000 range.
For now, Bitcoin remains within a narrow range, respecting both support and resistance. Until then, the market appears to be in a holding pattern, and next week is likely to play a key role in shaping Bitcoin's next big price move.
