Bitcoin 
$91,081 experienced a brief recovery, trading at $88,700, following Nvidia’s strong earnings report. Yet, experts caution that this movement does not signal a sustained upward trend. The market has not provided a clear directional signal, and it is premature to declare an end to the bearish trend without overcoming significant resistance levels.
Uncertainty Prevails Before Breakthrough
Despite short-term optimism in global markets, Bitcoin’s technical outlook remains tenuous. Maintaining support around $88,700 is encouraging, but the lack of robust volume in price movements prompts analysts to remain cautious. Tuesday’s minor sell-off followed by limited recovery suggests the market could still be in a “reset” phase.
Short-term investors see Bitcoin entering the oversold zone as an opportunity, though a market direction-altering recovery is yet to materialize. Experts advise that price increases lacking volume are unsustainable, identifying the $93,000–$96,000 range as a critical test area. A robust entry into this zone would be a significant indicator of buyers regaining control.
Crossing $97,300: A Prerequisite for True Recovery
Market observers concur that Bitcoin must sustainably surpass $97,300 to confirm a meaningful bottom. Breaking this level would serve as technical validation of the end of the downtrend and the beginning of a new bullish cycle. However, as long as the price remains below this threshold, any movements are deemed natural reactions following overselling.
Some investors do not rule out a deeper correction extending to the $85,000–$86,000 range. Nonetheless, limited recovery at current levels indicates a partial relief from persistent selling pressure. Although Nvidia’s robust results sparked a brief increase in risk appetite within the crypto market, a technical breakthrough remains essential for sustainable growth.
Bitcoin’s recent movement has captivated market attention, yet its path forward remains uncertain without surpassing key resistance levels.
