BTC quick Analysis : Bitcoin could rally sharply if it secures a close above a key resistance zone
Bitcoin faced rejection at the 61.8% Fibonacci retracement level at $94,253—measured from the April low at $74,508 to the all-time high at $126,199 set in October—stalling bullish momentum during Wednesday’s session. The following day, BTC quickly recovered after successfully retesting the psychological $90,000 level. As of Friday, the asset is hovering around $92,000.
If Bitcoin can break above the descending trendline and close decisively over $94,253, the market could see an extended move toward the psychological $100,000 region.
Technical indicators are also beginning to lean bullish. The daily RSI is approaching the neutral 50 zone, signaling weakening sell pressure; reclaiming this level would further reinforce bullish momentum. Meanwhile, the MACD has maintained a bullish crossover since late November, continuing to support an upside outlook.
On the downside, if selling pressure re-emerges and BTC resumes its pullback, the next major support sits near $85,569, aligning with the 78.6% Fibonacci retracement.
