Bitcoin Bulls Push Toward the $93k Barrier Again as Analysts Point to $98k as the Next Target

Bitcoin buyers continue to test the $93k resistance as rising demand supports a push toward $98k.

Market data shows strong volume and steady futures interest as price holds above key support zones.

RSI touches a long-term support area that has aligned with earlier rebounds, suggesting renewed momentum.

Bitcoin bulls are once again trying to break the $93k resistance level, and market watchers continue to monitor this zone as price moves within a broad pattern. Recent data shows stable demand near the mid-range, and analysts say a clear break could send price toward the $98k target. Activity across spot and futures markets has grown as buyers attempt to hold control.

Market Structure Shows Steady Pressure Near $93k

Bitcoin traded near $92,939.44 after a 6.47% daily increase, and price moved from the $87k area toward the 93k zone in a steady manner. According to analysis prepared by Captain Faibik, prices formed higher intraday levels while holding above the $92k region, and each pullback stayed shallow during the session.

Market cap reached $1.85 trillion as volume rose to $85.67 billion, and participation stayed firm through the day. The chart displayed a broad descending wedge that has guided price since late October, and buyers moved from the lower boundary in November toward the center of the pattern. “The $93k area has acted as a ceiling across several sessions,” according to the analyst.

Source: CoinMarketCap

Spot flows also recorded a $151.49 million inflow, and this shift followed weeks of weaker activity. Futures open interest climbed toward $58.8 billion, and the increase showed that traders kept positions active during minor pullbacks, according to data from Coinglass.

Key Levels Shape the Next Move

The technical setup presents a clear group of levels as Bitcoin holds above the $91,011–$89,006 support area. Price remains within a tightening range, and Bitcoin continues to compress under descending EMAs while keeping a higher low above $89,000. The $94,251 and $95,414 zones remain the main hurdles for buyers.

Source: TraderTardigrade(X)

According to an observation by Trader Tardigrade, Bitcoin’s RSI touched a long-term support area that has matched earlier rebounds. The chart showed repeated responses from this zone in 2024 and 2025, and the latest contact came as price turned upward. If buyers break the $93k level, analysts say the next target sits near $98k, which aligns with the current pattern and recent market behavior.

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