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- Bitcoin is retesting the $90K–$91K range, a key support level that may define its next price trend.
- Traders watch daily closes as a break above $91K signals strength, while a drop below $90K may trigger selling pressure.
- Market sentiment depends on whether bulls defend support or bears regain control, shaping Bitcoin’s near-term direction.
Bitcoin is again approaching the $90,000–$91,000 range that has been on traders’ focus as support. This level has acted as the lower limit of Bitcoin’s trading for several months and is thus used as the basis of market sentiment. The price of Bitcoin took a nosedive then recovered immediately and where it stands now is an area that may define its trend.
In a recent X post, Daan Crypto Trades noted the importance of this range. He noted that there had been instances where Bitcoin went below this level before retesting the level again as the buyers come into play. Bitcoin is approaching this area again now and its behavior at the level can help to determine who is in control – bulls or bears.
Market participants are watching if Bitcoin is able to remain above this key level. If the buyers come in and defend the support level it means the cryptocurrency will gain strength and may move up towards the higher resistance levels. However, the selling pressure may be came into play if Bitcoin failed to sustain this range, thereby causing a low-effort sell-off.
Bitcoin Bulls Defend Level
To indicate whether Bitcoin is strong at this range, daily closing prices will be essential. If price jumps above $91,000, this could signal the bulls taking charge again, while a breakout below $90,000 might mean bears are back in control. Such price movements are specifically a concern to the short-term traders who are always on the lookout for changes of position that they want to adopt.
The volatility of the price of Bitcoin particularly in the recent past has really brought to the lime light this price range. The price movements are very volatile, and these support and resistance levels hold even more importance in the market now. It is crucial for Bitcoin to remain above $90,000 to support the bullish trend’s continuation according to many investors.
BTC Breakout or Breakdown?
If Bitcoin starts trading above the support zone, this may create more confidence among the traders leading to the formation of an upward movement. The resurgence from this range could make way for testing of other resistance levels. However, if the price fails in holding the ground, there is a tendency for the pressure to shift to the downside as denoted by the dip. As of writing, BTC is trading at $92,794, showing a 9.12% increase over the past day.
Source: TradingView
The near term daily closes will be crucial to determine the bears or bulls’ supremacy. The community is waiting to see if there will be another movement of price fluctuations in the market or not. Therefore, this could determine Bitcoin ’s trend in the coming weeks at this level.
