Bitcoin has stabilized near the $95,000 level after a sharp drop to around $87,200, though it remains below the 100-hour moving average. The rebound from the $87,200 trough has been interpreted as a sign of renewed demand.
Near-term resistance sits around $93,000, while the more important hurdle is at $91,500. If BTC closes above $91,500, it could advance through $92,300 and toward $93,000, possibly targeting the $95,000–$95,500 zone. That $91,500 level sits roughly at the midpoint of the prior drop from about $95,475 to $87,200.
On the downside, a break below $89,000 would raise the risk of a slip toward $88,200 and $87,500, with a breach of $85,500 potentially accelerating losses. The market’s RSI has moved above 50, suggesting buyers are returning as selling pressure eases. Market participants are watching whether Bitcoin can clear the $91,500 hurdle and sustain a move higher.
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