Bitcoin (BTC) Daily Chart Analysis – Key Levels to Watch
Bitcoin is currently trading within a critical range on the daily timeframe after a strong rejection from the 126,000 high and a subsequent recovery from the 80,600 low.
Market Structure
BTC is transitioning from a corrective phase into a potential re-accumulation range. However, a confirmed bullish continuation has not yet been established.
Resistance Zone
102,000 – 103,000
This area previously acted as strong supply and triggered a sharp rejection. Without strong volume expansion, this zone is likely to cap short-term upside.
Support Zone
93,500 – 94,000
This is a high-probability demand zone formed by previous consolidation and structure support. A pullback into this area would be considered healthy as long as daily closes remain above it.
Momentum Insight
The daily RSI is near 67, indicating slowing bullish momentum but not overbought conditions. This supports the likelihood of a corrective pullback before any continuation.
Outlook
If 93.5k holds: potential continuation toward 108k and 113k
If 93k fails on a daily close: downside risk toward 88k – 80.6k
Key takeaway: Direction will be decided by how price reacts at support, not by predictions.
