Bitcoin Retests $93.5K — Could This Breakout Hold?

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Bitcoin approaches $93.5K resistance with weakening rejections, higher lows, and bullish signs suggesting a potential move toward $100K.

Bitcoin is approaching a key resistance level near $93,500, with traders watching for a breakout. After several tests of this range, recent movements show reduced selling pressure, raising the possibility of further upside.

Repeated Tests Weaken Resistance
Bitcoin has been testing the $93,500 level multiple times. Each time, the asset has pulled back less than before. The first rejection from this level saw a drop of 14%, the second about 10%, and the most recent test has shown minimal rejection. These smaller pullbacks suggest that sellers are starting to lose control.


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