Bitcoin wages its eighth battle at $92,000 resistance as traders position for either a breakout to $105,921 or a sharp correction toward $89,000, with massive liquidation zones forming on both sides of the five-day range.
Bitcoin hovers at critical resistance as traders brace for either a breakout toward $105,921 or a violent drop below $89,000, with liquidation zones stacking on both sides.
Bitcoin remains locked in a five-day battle around the $90,000-$92,000 range as bulls prepare for yet another assault on overhead resistance. The flagship cryptocurrency faces mounting pressure with significant liquidity clusters forming above and below current levels.
According to Ali Charts on X, the key bullish trigger sits at $94,555. Breaking through this level could propel Bitcoin toward $105,921 in the next major leg up. The technical setup suggests that sustained momentum above this threshold would invalidate bearish scenarios and confirm continuation of the broader uptrend.
Ted Pillows tweeted on X that Bitcoin is making its eighth or ninth attempt to reclaim the $92,000 resistance zone. A failure at this critical juncture would send the asset back to functioning as a "$90,000 stablecoin," highlighting the importance of this week's price action for near-term directional bias.
According to Daan Crypto on X, recent choppy trading has built substantial liquidity on both sides of the market. Above, the $92,600-$94,000 zone represents the key area to watch for bullish continuation. Below, a significant liquidity pool exists between $89,800 and $88,700.
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Liquidation Zones Signal Imminent Volatility
The current $90,000-$92,000 trading range has persisted for five consecutive days, but this consolidation phase appears unsustainable. Traders positioning for directional moves have created asymmetric liquidation risks that could fuel explosive price swings in either direction.
Trader Rosho posted on X his expectation for Bitcoin to dip below $89,000 first before any sustained upward movement. The concentration of late long positions and elevated liquidation risk around $89,000 suggests a flush is needed to clear overleveraged traders and hunt stop losses before upside continuation.
For those looking to enter long positions, optimal entry zones sit between $89,700 and $89,200. The market remains range-bound until either a break above $92,000 with convincing volume or a breakdown below $89,200 with sufficient selling pressure materializes.
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Ali Charts stated on X that 267 days remain until Bitcoin reaches a projected cycle bottom, likely between $38,000 and $50,000.
This longer-term projection provides context for current price action, suggesting that any near-term dips may represent tactical opportunities rather than structural breakdowns. The cyclical nature of Bitcoin markets indicates that strategic accumulation during weakness could position traders favorably for the next major rally phase.
The immediate focus remains on the $92,000 resistance level and whether bulls can finally secure a decisive break after multiple failed attempts. Volume confirmation will prove critical in determining whether this breakout attempt succeeds where previous efforts faltered.
Related: Satoshi-Era Whale Drops $2.44B on Bitcoin Amid Nine-Week Correction
3 Key Takeaways:
- Bitcoin attempts 8th break of $92K resistance; failure risks return to $90K range-bound trading pattern
- Bullish trigger at $94,555 could propel BTC toward $105,921 target with proper volume confirmation
- Liquidation flush below $89K expected before upside; optimal long entries between $89,200-$89,700
Key Topics
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Bitcoin's $92K Battle: Break or $89K Flush?
Bitcoin faces critical $92K resistance for 8th time. Analysts predict either $105K breakout or violent $89K liquidation flush as range tightens.