Bitcoin’s recent pullback was no surprise; it hit resistance exactly where the charts had indicated. Now, attention turns to a crucial support area between $93,000 and $97,000, which will likely decide whether a recovery is possible or if further declines are ahead.
In a recent update on X, More Crypto Online noted that Bitcoin reacted precisely at the expected level. The micro-resistance zone between $99,386 and $100,972 cleanly rejected the price, fitting the current market structure. This rejection led Bitcoin to set another lower low, increasing short-term bearish pressure.
According to the update, Bitcoin has now reached the next major support zone—the 50% retracement of the larger support box near $96,000. This area is a key checkpoint: how Bitcoin reacts here will determine whether it stabilizes or continues to fall.
More Crypto Online also identified a smaller internal target zone based on the developing wave structure, along with an extended projection zone between $91,322 and $82,523. This aligns with the broader Elliott Wave pattern and suggests a possible path if sellers remain in control and no strong bullish reaction occurs at current support levels.
Bitcoin is currently trading within a critical decision zone between $93,733 and $97,595. Holding this area is essential, as it represents the last significant support before deeper declines become likely. A strong bounce here would indicate that buyers are stepping in after recent selling pressure.
If Bitcoin fails to show strength in this zone, the next key level to watch is around $91,300. A drop to this level would signal continued weakness and could accelerate the downtrend. Losing this support would also shift the broader market outlook toward a more extended correction.
Despite the uncertainty, one thing is clear: a true sign of a local bottom will only appear once Bitcoin breaks and holds above $100,500 again. Until then, the overall structure remains bearish. Even if the price bounces in the current range, it should be viewed as a short-term move unless buyers reclaim that key resistance and shift market sentiment.
Frequently Asked Questions
Of course Here is a list of FAQs about Bitcoins recent price action and the critical support range designed for both beginners and more experienced individuals
BeginnerLevel Questions
1 What does downturn mean in this context
It simply means the price of Bitcoin has been falling significantly from a previous high
2 Why is the 9300097000 range so critical
This price range is seen as a major support level If Bitcoins price stays above it it could mean the longterm upward trend is still healthy If it falls below it could signal a deeper and more prolonged price drop
3 What is a support level
A support level is a price point where a falling asset like Bitcoin tends to stop falling and might even bounce back up because there is a lot of buying interest at that price
4 What caused this recent downturn
Price drops can happen for many reasons including large investors selling negative news sentiment broader economic concerns or simply a natural correction after a big price increase
5 Should I be worried about my Bitcoin investment
All cryptocurrency investments are volatile Its important to only invest what you can afford to lose and to have a longterm strategy rather than reacting to every price swing
Intermediate Advanced Questions
6 What happens if Bitcoin breaks below the 93000 support
If it breaks and stays below this level it could trigger more selling as traders see it as a sign of weakness The next major support levels would then become the focus potentially leading to a test of prices around 85000 or lower
7 Is this downturn different from a typical correction
Analysts are suggesting this wasnt just a small routine pullback but a more significant move driven by fundamental factors which is why holding the 93k97k zone is now seen as crucial for the bull markets survival
8 What onchain metrics should I watch to gauge the health of the market
Key metrics to watch include
Exchange Reserves Are coins moving to exchanges or from them