Bitcoin Teeters on the Edge of a Major Breakout — Will Bulls Crush Resistance?

Bitcoin’s price action is tightening like a coiled spring, testing levels that could trigger the next big move. Traders are glued to their screens as the king crypto flirts with a decisive breakout.

Key resistance looms overhead—a line in the sand that separates cautious optimism from full-blown FOMO. Break it, and the path to new highs clears. Fail, and we’re back to range-bound purgatory.

Meanwhile, Wall Street ’experts’ still can’t decide if crypto is dead or the future of finance—classic hedge fund whiplash.

Bitcoin Price Eyes Key Upside Break

Bitcoin price remained stable above the $93,500 level and started a fresh increase. BTC was able to climb above the $94,000 and $94,200 resistance levels.

The bulls were able to pump the price above the $95,200 resistance. The recent high was formed at $95,488 and the price started a downside correction. There was a drop below the $94,500 and $94,200 levels. The price dipped below the 50% Fib retracement level of the upward move from the $92,900 swing low to the $95,488 high.

However, the bulls were active NEAR the $93,500 support and the 76.4% Fib retracement level of the upward move from the $92,900 swing low to the $95,488 high.

Bitcoin price is now trading above $94,200 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $94,200 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $95,250 level. The first key resistance is near the $95,500 level. The next key resistance could be $96,250. A close above the $96,250 resistance might send the price further higher. In the stated case, the price could rise and test the $97,500 resistance level. Any more gains might send the price toward the $98,800 level.

Another Decline In BTC?

If Bitcoin fails to rise above the $95,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $94,200 level and the trend line. The first major support is near the $93,500 level.

The next support is now near the $92,900 zone. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,200.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $94,200, followed by $93,500.

Major Resistance Levels – $95,250 and $95,500.