Bitcoin (BTC) Price Analysis: Retest of $92,000 Zone Holds the Key to Next Move

Bitcoin is currently trading near the $93,000 level and is starting to show early signs of strength on lower timeframes. As discussed in previous analysis, Bitcoin has remained in a broader downtrend for several months and continues to struggle with sustained bullish momentum. Last week marked an important development as price managed to break above the key resistance zone between $92,000 and $94,000. This move gave buyers some breathing room and, more importantly, led to the formation of a higher high on the daily chart for the first time in a while. That said, the market still needs follow-through from buyers to turn this short-term strength into a more meaningful shift in structure. Let’s take a closer look at the latest Bitcoin charts to see where the price could be headed in the coming days.

Our Bitcoin Price Prediction Summary

• Bitcoin has broken above the $92,000 to $94,000 zone and is now testing it as a key support level.
• The daily chart shows a potential bullish structure, but it remains valid only if the price holds above $92,000.
• The weekly timeframe still points to a broader downtrend, which keeps the short-term outlook neutral.

Analyzing the Charts

Key Daily Level Under the Spotlight

If we look at the latest daily chart for Bitcoin, the key area to watch remains the $92,000 to $94,000 resistance zone. Price broke above this level with conviction last week and is now attempting to retest it as support. This retest is critical for the bulls since holding above this region would help maintain momentum and improve the overall market structure. At the moment, Bitcoin is hovering within this zone, which suggests some sideways price action could develop over the next few days. If price fails to hold this area and daily candles start closing back below it, the broader downtrend would likely remain intact in the weeks ahead. On the other hand, a sustained close above this region would strengthen the bullish case and could reopen the path toward the $100,000 level, welcoming a shift in trend.

Inverse Head and Shoulders Remains Under Watch

Another important development on the daily timeframe is the potential inverse head and shoulders pattern that was highlighted earlier. The most recent move suggests that the price has already broken above the neckline of this structure. For this pattern to remain valid, Bitcoin needs to successfully hold the $92,000 area as support on a retest. If buyers manage to defend this level, the pattern remains active, and its projected upside target stays in play. A sustained break and close below $92,000, however, would weaken this setup and invalidate the bullish structure.

Weekly Chart Keeps the Broader Trend in Check

When shifting to the weekly timeframe, the broader picture remains largely unchanged despite the recent strength seen on lower timeframes. Bitcoin continues to trade within an overall downtrend that followed a bearish divergence, which has been in place for several months and remains unbroken. Price is also still holding below the 50-EMA, a condition that typically reflects a bearish market environment. So far, the weekly chart has not provided a clear signal that confirms a trend shift. For this reason, our short-term Bitcoin price prediction remains neutral until stronger confirmation appears on higher timeframes.

Final Takeaway: What is Next for Bitcoin?

Bitcoin is showing early signs of strength after reclaiming the $92,000 to $94,000 region, but the broader trend has not shifted yet. The daily chart highlights an important support retest and a potential bullish structure that depends on buyers holding key levels. At the same time, the weekly timeframe continues to reflect a bearish market structure with no clear confirmation of a trend change. Until Bitcoin proves strength on higher timeframes, price action is likely to remain mixed. The market now waits to see whether bulls can build on recent gains or if sellers regain control at critical support levels.