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Bitcoin is trading around $91,268, showing a modest rise over the last 24 hours, but analysts say the recovery remains weak unless the cryptocurrency breaks through major resistance levels. Despite a nearly 6% gain this week, the market structure still signals uncertainty.
The latest move appears to be a technical rebound, with Bitcoin stuck inside a narrow zone where neither buyers nor sellers have firm control. Traders highlight that BTC must reclaim the $96,000 to $99,000 range to confirm a real bullish shift. Without that breakout, the bounce is considered temporary.
Analysts note that the weekly chart remains the most important indicator, where the previous weekly low is acting as a critical threshold. A drop below this area could push Bitcoin toward deeper support zones between $70,000 and $66,000. For now, the price is hovering in a consolidation pattern without a clear trend.
Market watchers also point out that Bitcoin recently reacted from a historical support level, creating the current upward move. However, there is still no strong volume buildup or accumulation signal, suggesting traders are cautious and waiting for clearer confirmation before committing.
The market remains sensitive as Bitcoin continues to move between tightly packed support near $86,800â$88,000 and resistance around $94,000â$94,650. These areas are expected to trigger sharp moves depending on which side breaks first. Until Bitcoin secures a close above the $96K mark, analysts believe the market is still in a âwait and watchâ phase rather than a renewed uptrend.
