Bitcoin Tests $94K Resistance as Traders Eye $103K Target

⬤ Bitcoin has paused after it touched the $94 200 level. Price met that ceiling and eased back - yet it remains above a support band that has mattered for weeks. The action still follows the upward wave that has steered the trend.

⬤ The $91 600 - $91 200 strip is now the line in the sand. While price stays above that window, the main bearish count is ruled out. Fibonacci retracements and old horizontal levels overlap there, which explains why the zone carries weight. Even after the pullback, the last four hour lows keep rising - the market is guarding the staircase that a new rally needs. Having tested $94 200 once, traders wait for a close above it that turns the level into support.

⬤ The analyst still expects a run to $103 000 and treats the present dip as a brief rest within the larger climb. The wave count projects a 1.618 extension that lands on $103 000 giving the target technical backing. After further base building near support, price is expected to head for that figure.

⬤ The $91 000 area has become the pivot that steers short term mood. If price stays above it, the bullish path stays open - a clear break past $94 200 would supply the fuel for a push to $103 000. While Bitcoin remains inside this tight range, traders watch whether support will hold and whether the breakout will appear so the uptrend can continue.