Bitcoin has broken above a key resistance level and is now retesting that area as potential support, which could pave the way for a move toward new highs. An analyst emphasized that successfully holding this level is critical for determining the cryptocurrency’s next major direction.
### Bitcoin Eyes Higher Targets After Weekly Close
Over the past day, Bitcoin has moved back into the upper part of its multi-month trading range and is testing the $94,000 zone for the first time in nearly a month. The price has been moving sideways since a late-November correction pushed it to an eight-month low around $80,600. During this period, BTC has largely fluctuated between $86,200 and $93,500 on weekly charts, struggling to overcome resistance near the middle of that range.
However, Bitcoin managed to close last week above the $90,500 resistance, allowing it to approach the upper boundary of the range. Analyst Rekt Capital noted that the $93,500 area is a crucial level for BTC’s near-term price action. Throughout most of the fourth quarter, Bitcoin faced rejection at this level. Now, price is challenging it again—a zone that represents not only the top of the weekly range but also aligns with a multi-week downtrend that has been in place since mid-October 2025.
Rekt Capital suggested this level could act as a longer-term resistance, especially since Bitcoin closed its 12-month candle below it. He explained that in past four-year cycles, such resistance levels have typically held for about three years before finally breaking during a halving year. If Bitcoin has entered a bear market, he added, the price might push beyond $93,500 in the coming months to establish a lower high before resuming a downward move. In that scenario, a true reclaim of this level might not occur until the next halving in 2028.
### The Key Technical Test for BTC
Despite the potential for longer-term resistance, the analyst stressed that whether Bitcoin reclaims or faces a short-term rejection at $93,500 is less important than the overall direction: BTC appears determined to move back above that level. A weekly close above $93,500, followed by a successful retest after the breakout, would confirm a breakout from both the weekly range and the weekly downtrend.
This pattern would mirror behavior seen during the recovery in the second and third quarters of 2025, when Bitcoin broke out of a downtrend, reclaimed the $93,500 area, and retested it for several weeks before advancing to higher levels.
Such a move would also establish a foundation to challenge the key bull market Exponential Moving Averages (EMAs)—the 50-week and 21-week EMAs—which were lost during the fourth-quarter 2025 correction. These EMAs currently sit around $97,000 to $98,000.
“History suggests there’s a good chance price will break beyond these EMAs,” Rekt Capital noted, but he also cautioned that history indicates Bitcoin may struggle to turn them into new support. If the price breaks down from the EMAs and then retests them as resistance from below during a crossover, that would be a bearish signal.
Therefore, Bitcoin’s “most important technical milestone” will be reclaiming these EMAs as support to confirm renewed bull market momentum. However, the analyst concluded that first, “a Range breakout and a Weekly Downtrend breach are essential for BTC to get closer to those EMAs.”
At the time of writing, Bitcoin is trading around $93,330, up 4.8% over the past week.
Frequently Asked Questions
Frequently Asked Questions Bitcoin at a Turning Point
BeginnerLevel Questions
Q1 What does it mean that Bitcoin is at a turning point
A It means Bitcoins price is at a critical level where it could either break out into a strong upward trend or reverse into a downward trend The 93500 level is seen as the key to deciding which direction it takes next
Q2 Why is the 93500 price level so important
A In technical analysis certain price levels act as major resistance or support 93500 is viewed as a major resistance level Reclaiming it could signal strong bullish momentum and open the door to new alltime highs
Q3 What happens if Bitcoin reclaims 93500
A If it decisively breaks and holds above this level it could trigger a new wave of buying as traders and investors see it as a sign of strength The next major move would likely be upward targeting higher price levels
Q4 What happens if Bitcoin fails to break 93500
A If the price gets rejected from this level multiple times it could indicate a lack of buying power This might lead to a consolidation or a correction as sellers take control
Q5 Is this a good time to buy Bitcoin
A It depends on your strategy and risk tolerance Some see a potential breakout above 93500 as a buying signal while others wait for a confirmed breakout or a pullback to lower prices Never invest more than you can afford to lose
Advanced Strategic Questions
Q6 What technical indicators are traders watching alongside the 93500 level
A Traders are monitoring trading volume momentum indicators like the RSI and moving averages for dynamic supportresistance
Q7 Besides technicals what fundamental factors could influence this turning point