Bitcoin has entered a more cautious phase after its previous rally failed to continue. Although it briefly strengthened, BTC’s momentum slowed as it approached a key resistance level around US$94,000. This has led the crypto market to move more quietly, with market participants waiting for new signals before determining the next direction.
This limited momentum is not only seen in Bitcoin. Ethereum, XRP, and Dogecoin are experiencing similar pressure after failing to maintain short-term gains. The decline in trading volume also reflects weakening buying interest in the near term, making it harder for prices to sustain upward movement.
The Market Nears a Critical Level
Bitcoin is currently positioned in an area considered crucial by many market participants. The inability to break above its resistance indicates that selling pressure remains strong, especially from short-term traders looking to lock in profits. If this pressure continues, BTC may move back toward its nearest support zone around US$91,700 to US$90,700.
This situation also affects altcoins. Ethereum faces similar challenges at its resistance area, while several other assets show higher volatility. These conditions have caused the overall crypto market to trade sideways as it waits for new catalysts—whether from macroeconomic factors or developments within the crypto ecosystem.
Breakout Potential Remains Open
Despite being in a consolidation phase, the potential for a breakout remains open. If Bitcoin manages to break through its resistance convincingly with stronger volume and improved sentiment, the price could move into a higher range. The next upside targets are often projected toward the US$97,000 to US$98,000 zone, which is viewed as an extension of its existing upward structure.
However, this potential still depends on market reactions in the coming days. Concerns about a further correction persist if selling pressure increases, especially as prices approach levels considered important by market participants. This makes the current period one of close monitoring for both short-term and long-term traders.
With conditions still sensitive to changes in sentiment, the crypto market sits at a point that may determine its next major move. Many market participants are watching closely to see whether Bitcoin will break through its resistance or fall back into another corrective phase.
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