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Bitcoin’s latest price rejection played out exactly as technical analysts anticipated, reinforcing the growing pressure on the market as the world’s largest cryptocurrency struggles to regain upward momentum. After failing to break through a key micro-resistance area near the $100,000 mark, the focus has now shifted to a vital support range between $93,000 and $97,000, a zone that could determine the direction of Bitcoin’s next major move.
Micro-Resistance Forces Another Breakdown
Analysts from More Crypto Online highlighted on X that Bitcoin was rejected with precision within a tight resistance corridor between $99,386 and $100,972. This region has repeatedly acted as a barrier for BTC in recent months, and the latest rejection came as no surprise to those tracking the market structure closely.
The pushback from this area resulted in Bitcoin forming yet another lower low, continuing the short-term downtrend that has been building over the past week. According to the analysis, this downward step remains consistent with the current Elliott Wave pattern that has been unfolding since BTC’s failed breakout attempt earlier in the month.
The analyst noted that Bitcoin has now arrived at what they consider a “major support zone,” aligned with the 50% retracement level of the larger support box near $96,000. This region has been emphasized in previous market updates as a crucial checkpoint. A strong reaction here would indicate that buyers still have enough strength to prevent a deeper correction, while a weak response may open the door to significantly lower prices.
Internal Targets and Extended Downside Projections
More Crypto Online also outlined a smaller internal target area related to the development of the yellow wave 5 structure. While this target acts as a short-term guideline, the analyst expanded the outlook by mapping an extended projection zone between $91,322 and $82,523.
This broader zone aligns with the larger Elliott Wave corrective model. Though not a guaranteed outcome, it highlights the potential path BTC may follow if bears continue to dominate. The key message behind the projection: without a clear bullish response within the current support range, Bitcoin could be at risk of entering a more prolonged corrective phase.
Why the $93,700–$97,500 Zone Matters Now
The most immediate concern centers around Bitcoin’s position inside the $93,733–$97,595 demand zone. More Crypto Online describes this region as a critical “decision zone,” meaning the market’s behavior here will likely determine the next major trend.
Holding this level would be a positive sign for bulls, indicating that long-term holders and new buyers are willing to defend the price floor. A strong rebound could set the foundation for another attempt at reclaiming the $100,000 area, which remains the key barrier for bullish momentum.
However, a failure to stabilize within this support zone would signal a clear shift in market sentiment. The analyst warns that losing this level brings the spotlight directly onto the next major downside target around $91,300. A drop into this territory would suggest that the bearish trend is intensifying, potentially dragging Bitcoin into deeper corrective levels mapped out in the extended projection.
Break Above $100,500: The Only Valid Bullish Signal
Despite the uncertainty, analysts maintain that the market has a clear marker for identifying a potential bottom. According to More Crypto Online, Bitcoin needs to break and hold above $100,500 before any legitimate bullish reversal can be confirmed.
Anything below that threshold means Bitcoin remains in a bearish structure, even if short-term relief rallies occur. These bounces should be treated with caution unless buyers manage to reclaim this level and flip it into support. Only then would the market receive a strong technical signal that bulls are back in control.
Market Stands at a Pivotal Moment
As Bitcoin trades in this high-stakes price zone, traders and analysts alike are watching closely for signs of strength—or further weakness. With volatility rising and liquidity thinning near major resistance levels, the next few days could be pivotal for Bitcoin’s mid-term outlook.
If bulls successfully defend the $93K–$97K region, Bitcoin may find the momentum needed to retry the $100K barrier. But if the support collapses, the path toward the $91K–$82K extension becomes increasingly likely, marking a deeper corrective chapter for the crypto market.
For now, all eyes remain on whether Bitcoin can hold its ground or if sellers will push the price into a more decisive downturn.
