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Bitcoin resistance test at $94,000: support levels, breakout targets, and 2025 forecasts, facing strong resistance after breaking the long-term downward trend line.
The main support is at $92,921, with the risk of a deeper pullback towards $88,000 if the current levels are broken.
The continuous fractal cycle shows that Bitcoin is advancing during the encoding phase, aiming to reach its peak in late 2025.
Bitcoin is currently trading around the $94,000 level, facing strong resistance after a significant breakout of the trendline. At the same time, technical patterns indicate a critical six-month countdown towards the anticipated cycle peak.
Bitcoin faces resistance amid breakout momentum
The recent rise of Bitcoin to a critical area has raised questions about the likelihood of further retracements or breakouts. Price behavior against key horizontal levels has increased, providing vital indicators for short-term market direction. Market watchers are closely monitoring whether Bitcoin will maintain its upward momentum or begin a corrective pullback.
After the sharp rise that Bitcoin experienced from its lowest levels in December 2024, a significant breakout occurred above a downward trend line that had lasted for several months. Analyst "Crypto Candy" provided insights into the current price structure. According to him, Bitcoin has entered the expected resistance range between $92,000 and $95,000, showing signs of rejection in the short term.