- Bitcoin trades near $94K, facing strong resistance after breaking above a long-term descending trendline.
- Key support stands at $92,921, with risks of a deeper retracement toward $88K if current levels break.
- The ongoing fractal cycle shows Bitcoin advancing through the markup phase, aiming for a peak in late 2025.
Bitcoin ($BTC) currently trades near the $94,000 mark, confronting strong resistance after a major trendline breakout. At the same time, technical patterns suggest a decisive six-month countdown toward the anticipated cycle top.
Bitcoin Battles Resistance Amid Breakout Momentum
Bitcoin’s latest rally brings it into a critical zone, raising questions about potential retracements or further breakouts. Price behavior against major horizontal levels has intensified, offering vital clues for short-term market direction. Market watchers are closely monitoring whether Bitcoin maintains bullish momentum or initiates a corrective pullback.
Following Bitcoin’s sharp rally from December 2024 lows, a key breakout occurred above a multi-month descending trendline. Crypto Candy, an analyst, has provided insights into the current price structure. According to Crypto Candy, Bitcoin has entered the anticipated $92,000 to $95,000 resistance range and shows signs of short-term rejection.
Source: Crypto Candy
He identified an immediate support level near $92,921.07, with secondary defenses at $88,556.85 and $88,010.89. His analysis pointed out that a breakdown under these levels could lead to deeper retracements, potentially revisiting the $88,000 area. However, if Bitcoin successfully clears $94,963.38 resistance, he expects the next upside target to lie around $99,471.41.
Crypto Candy also noted the presence of two projected paths: a downward arrow suggesting a pullback and an upward arrow aiming for new highs. Price consolidation between moving averages and horizontal zones emphasizes the growing battle between buyers and sellers. The current structure supports a bullish bias as long as Bitcoin holds above $92,921.07.
Bitcoin’s Fractal Pattern Continues Unbroken
Alphractal has presented a comparative analysis between Bitcoin’s past and current fractal cycles, highlighting ongoing symmetry. His findings suggest Bitcoin remains firmly within the markup phase of its larger four-year fractal cycle.
The fractal chart, developed by João Wedson, maps Bitcoin’s historical and projected tops and bottoms through 2026. In this analysis, Bitcoin follows a predictable sequence of Bear Market, Accumulation, Markup, and Distribution phases. He observed that since 2015, Bitcoin’s fractal cycle has perfectly identified major tops and bottoms without deviation.
Besides, Alphractal emphasized that the next projected top is scheduled between October 12 and 16, 2025. He underlined that the window of opportunity remains open, with Bitcoin still advancing through its markup phase. No indicators of structural failure appear yet, supporting the view that history could once again echo itself.
