The 98K Dream Is Dead If BTC Fails This Crucial Test
We are stuck in the mud. The higher timeframes for $BTC remain fundamentally bearish, a structure that will hold until we definitively reclaim the $98k-$100k zone on the weekly chart. Last weekโs action was a textbook range-bound chopโbreaking the prior low, taking the high, and ultimately closing flat. No significant movement means the market is consolidating before a violent directional move.
The critical rejection we saw at $93k was the market showing its hand. That level is now the immediate ceiling.
Our focus for the next directional catalyst is razor-sharp:
1. Bullish breakout: Sustained hold above $93,160 likely sends $BTC toward the ultimate target of $98k.2. Bearish continuation: A failure to hold $85,200 confirms weakness and opens the door for a swift return to the $80k lows.
Until one of these levels breaks, this is strictly a wait-and-observe game. The internal structure is primed for a move, but the macro bearish bias dictates caution.
This is not financial advice.
#Bitcoin #MarketStructure #CryptoAnalysis #BTC
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