Bitcoin Recovers Key Support, Eyes $100K Breakout

Bitcoin’s momentum is shifting as it stages a strong rebound above a critical support level. Despite a sharp sell-off that briefly breached the sideways trading channel, sellers failed to sustain control below $92,000, signaling weakening bearish pressure.

Now trading around $92,616, Bitcoin faces its next major hurdle at $100,000. A decisive break above this resistance could ignite a fresh wave of buying, potentially driving prices toward $110,000 or new all-time highs. Conversely, if Bitcoin drops below $92,000 again, the next crucial support lies at $87,800. A confirmed breakdown could accelerate losses toward $80,000 or lower.

The failed breakdown below the trendline indicates bears are struggling to maintain dominance. The market’s quick recovery from recent selling pressure suggests a possible shift toward bullish momentum. Additionally, rising trading volume during the rebound supports the case for further gains.

With Bitcoin reclaiming its support, the market structure remains intact. If bulls sustain momentum above $100,000, a major rally could unfold. However, failure to hold above $92,000 may invite renewed selling pressure. In the coming days, Bitcoin’s price action will determine whether a breakout or another phase of consolidation is ahead.