Bitcoin Eyes $93,000 Resistance as Bulls Attempt to Reclaim Upper Range

Bitcoin faces $93,000 resistance as bulls attempt to reclaim upper consolidation range.

Falling wedge breakout suggests potential BTC rally toward $125,000 if support holds.

Kevin O’Leary notes institutions favor Bitcoin and Ethereum over smaller speculative tokens.

Bitcoin continues to trade near the upper boundary of its recent structure as buyers attempt to regain control. Analysts say the $93,000 level remains the main barrier, and they note that the zone becomes weaker with each test. At the time of writing, Bitcoin trades near $89,640 during a period of wide market consolidation.

BTC Bulls Attempt to Reclaim the $93,000 Resistance Zone

According to analysis prepared by Crypto Faibik, Bitcoin has been trading inside a long falling wedge on the four-hour chart. The pattern formed from late October to early December as price created lower highs and lower lows. The wedge narrowed over time, and each return to resistance near $93,000 showed stronger activity from buyers.

Bitcoin later moved above the wedge and returned to the breakout point, which formed a clear retest structure. The chart shows sharp swings during this phase as the market remains inside a wide consolidation area

Source: TedPillows(X)

According to an observation by Ted Pillows, Bitcoin recently retested the 88,000 area and then bounced. He said, “Bitcoin now needs to reclaim the 90,000 level for some upside,” although he added that a failure to do so may send the asset toward the 87,000–88,000 range again.

Analysts Expect a Strong Move if Resistance Breaks

Market data shows that bulls continue to struggle with the $93,000 level, yet the zone becomes weaker with every attempt. Analysts tracking this pattern say the level remains the key point that separates consolidation from a possible move upward. They also note that repeated tests often increase the chance of a breakout.

Crypto Faibik’s projection shows a planned path toward the $125,000 region if Bitcoin secures support above $93,000. The chart displays a clean upward route from the retest area, and analysts say wedge breakouts often appear after long downward phases. They add that market direction next week may depend on how Bitcoin reacts to the resistance level.

Investor Kevin O’Leary also said market conditions favor stronger networks as regulation expands. He stated that “Bitcoin and Ethereum cover most of the market,” while many smaller tokens may lose demand. This view aligns with broader institutional behavior as firms search for assets with deep liquidity and clear standards.

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