Bitcoin’s Rejection Was Not an Accident — Now the Battle Moves to the $93,000–$97,000 Support Zone.
Simple Analysis of Bitcoin’s Latest Price Movement
Bitcoin’s recent rejection didn’t come as a surprise — it hit resistance exactly where technical charts had already warned. Now, all eyes are on the crucial zone between $93,000 and $97,000, which will determine whether BTC can recover or continue falling deeper.
Micro Resistance Holds and Pushes BTC Lower
According to an update from More Crypto Online, Bitcoin reacted perfectly at the micro-resistance zone around $99,386–$100,972. This level rejected the price cleanly, leading BTC to form another lower low, confirming that short-term bearish pressure is still strong.
From there, Bitcoin dropped toward a major support region around $96,000, which aligns with the 50% retracement level — a key area that often decides whether price stabilizes or continues downward.
The analyst also highlighted additional downside targets based on the current Elliott Wave structure, including a wider projection zone between $91,322 and $82,523. This isn’t guaranteed, but it shows the potential path BTC might take if selling pressure continues.
Bulls Must Defend the $93,700–$97,500 Demand Zone
Bitcoin is now trading inside a critical decision zone between $93,733 and $97,595. This is considered an important demand zone that bulls must defend to avoid a deeper bearish continuation.
A strong bullish reaction here would signal that buyers are trying to regain control after recent selling pressure.
But if Bitcoin fails to hold this zone, the next major target is around $91,300. Dropping into this level would show further weakness and could accelerate bearish momentum.
When Can Bitcoin Be Considered “Bottomed Out”?
According to the analyst, a valid signal of a local bottom will only appear once Bitcoin breaks and holds above $100,500. Until that happens, the overall structure remains bearish.
Any bounce inside the current range is still viewed as short-term movement unless buyers manage to reclaim that key resistance and shift sentiment back to bullish.
