Bitcoin is consolidating just above an important weekly demand zone, with price hovering near $91,358 in early trade. Volatility has tightened, liquidity pockets have shifted, and traders are now watching whether the BTC price can form a clean higher-time-frame higher low—the kind that typically precedes a renewed push toward all-time highs. But if demand fails, this could become the first structural breakdown that may extend the pullback below $85,000.
A Crucial Retest of Weekly Demand
Bitcoin price has pulled back to retest the $89,500–$92,000 weekly demand zone, a region that previously served as the launchpad for its breakout above $95,000 earlier this year. With the price now trading near $91,358, BTC is sitting right at the midpoint of this demand pocket, where buyers historically stepped in with strong spot-driven momentum.
This area is critical because it represents the last defended higher low on the weekly chart. As long as BTC holds above $89,500, the higher-time-frame bullish structure remains intact. A clean rebound from this range could propel the price back toward $93,800, followed by a retest of $95,200, the level where sellers capped the previous rally.
However, a breakdown below $89,500 on high volume would flip this zone into supply and open a corrective move toward $86,700, the next major weekly support.
Technical Structure: Bulls Need Momentum Soon
Momentum indicators across higher time frames show cooling demand, but structure remains bullish as long as BTC prints a higher low above $89.5K. Spot flows have slowed, but derivative positioning remains neutral, setting the stage for an impulsive move once liquidity gets cleared on either side.
The BTC price broke the ascending trend line, which has been acting as a strong support since July 2024. Although the bulls have initiated a rebound, it is not strong enough to push the price beyond the range. Interestingly, the weekly RSI reached close to the lower threshold for the first time since December 2022, hinting towards over exhaustion of the rally. And hence, a decent rebound with a continued upswing seems to be inevitable. However, to attract the bulls, the Bitcoin price is required to clear the resistance zone between $93,000 and $97,000.
Key technical levels to watch:
- Immediate Support: $90,200
- Weekly Demand Floor: $89,500
- Bounce Targets: $93,800 → $95,200
- Bull Trigger: H4 reclaim of $93K with rising spot volume
- Bear Trigger: Weekly close below $89,500
What Traders Are Watching Next
Market participants are tracking:
- Spot CEX inflows/outflows → To confirm whether real buy pressure returns.
- Liquidity clusters around $90,000 and $93,000 → Areas likely to get swept before direction.
- Low-volume pocket above $94,000 → Could enable a quick expansion if bulls regain strength.
- Macro calendar: With a light data week, technicals and liquidity behavior will dominate near-term movement.
Many traders are also anticipating that BTC may need one more liquidity sweep below $90K before establishing the weekly higher low.
Conclusion
Bitcoin is approaching a decision point. Holding the $89,500–$92,000 demand zone would solidify a higher-time-frame higher low and reopen the path toward $95K and beyond. But losing this zone risks a deeper retest of $86,700, which would challenge the strength of the broader bullish market structure.
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