#Bitcoin Analysis: The Battle Ahead — Where Does Price Go Next?
Bitcoin’s resilience has surprised the market once again! After a heavy correction, $BTC has managed to stabilize above the $90,500 support zone, holding this level for several consecutive days. This steady base is boosting short-term confidence — but the road upward is anything but easy.
🔥 Major Supply Barriers Still Dominating the Chart
Bitcoin faces two critical supply zones where sellers historically take control:
$94,000 – $97,000: The closest wall of resistance where many short-term traders begin exiting.
$104,000 – $109,000: A far stronger zone, packed with large sell orders from bigger players.
Once BTC reaches these regions, selling pressure tends to spike sharply. A rejection could drag price back below $90K, and losing $83,000 on the daily chart — the Realized Price floor — may open the door to a deeper correction.
📈 Short-Term Holder Cost Basis: The Real Confirmation Level
A true trend reversal cannot be confirmed unless BTC clears the Short-Term Holder (STH) Cost Basis, currently at $110,200 (Glassnode data).
Historically:
Above STH Cost Basis → bullish continuation more likely
Below it → increased sell pressure from short-term holders
This means Bitcoin needs more than just a push above $109K — it needs a clean break and hold to show real strength.
🌍 Macro Conditions Could Shake the Market
Global volatility is heating up. The VIX continues to trend higher, warning that traditional markets may enter a turbulent phase. Whenever the S&P 500 faces sudden stress, Bitcoin often mirrors the move with increased volatility and sharp swings.
Analysts remain cautious: any significant pullback in equities could trigger rapid downside in $BTC .
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