Bitcoin’s short-term price direction remains uncertain as the market struggles to confirm its next move. Analysts and investors are divided, with some calling for a breakout into new all-time highs while others anticipate renewed selling pressure into lower prices. The price has been consolidating in a narrow range for the past twelve days, holding above the $94,000 demand level and facing resistance below the $100,000 mark. Related Reading: Are Meme Coins Hurting Solana? Rising Selling Pressure Sparks Investor Concerns Key data from CryptoQuant reveals that the nearest support zone for BTC is forming between $91,000 and $95,000. This range is reinforced by two critical technical indicators: the 111-day simple moving average (SMA 111D), currently at $95,000, and the Short-Term Holder (STH) Realized Price, which sits at $91,000. These levels suggest that BTC is trading above historically significant support areas, where short-term holders have realized their profits or losses. While the long-term structure remains bullish, investors are growing impatient as BTC fails to reclaim key resistance levels. If Bitcoin can push above $100K in the coming days, analysts expect a rally in ..
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