The market continues to watch movements near $91,500. from last week’s slide to $80,000. The drop followed a larger crash from $126,000. Several experts warned that the asset could still dip toward $50,000. However, the recent rebound and current trend suggest that traders remain focused on short-term direction.
Now, attention turns to key price markers between $96,000 and $112,000. These levels formed the breakdown zones during the November fall. The chart shows that Bitcoin still trades below these resistance layers.
Traders also focus on whether the price can break above the wedge’s upper boundary. A breakout could open a path toward higher resistance. If the price fails, Bitcoin may retest the $84,000 to $88,000 band within the demand box.