Bitcoin (BTC) Tests $100K Resistance, Support at $91K

Bitcoin's price action shows resistance between $100,000 and $102,000, with a stronger barrier forming near $108,000 – $109,000.

Bitcoin price flirted with the psychologically important $100,000 level on 28 September, facing multiple rejections at resistance points as it continues to trade within a period of ongoing volatility.

While sentiment remains cautiously optimistic, BTC must sustain this momentum to confirm a bullish breakout.

Bitcoin’s price action showed resistance at $100,000 – $102,000, with a stronger barrier forming around $108,000 – $109,000. Immediate support is at $91,000 – $92,000, an area where buyers have historically entered the market. A broader accumulation zone exists at $85,000 – $89,000, making it a crucial level for bulls to defend.

Moving averages indicate a cautious outlook, with BTC trading below the 20 EMA ($97,659), 50 EMA ($99,058), 100 EMA ($100,109), and 200 EMA ($99,901), signaling short-term weakness. A recovery above the 50 and 100 EMA levels would strengthen the case for further upside, while failure to get back above them may keep price action under pressure.

Momentum indicators offer mixed signals. The Relative Strength Index (RSI) is at 43.21 – 44.26, showing weak momentum but avoiding oversold territory. A move above 50 would confirm increased buying pressure, while a drop below 40 could accelerate selling. The MACD remains bearish, yet the histogram suggests selling pressure is easing, hinting at a possible shift in momentum.

Bitcoin’s critical juncture: will it sustain above $100,000?

Bitcoin’s price remains at a critical juncture. If it sustains above $100,000, a move toward $102,000 – $108,000 could follow, with further upside possible beyond $109,000. However, failure to hold this level could see BTC falling back toward $93,000 – $89,000 in the coming weeks.

Trendline analysis confirms a descending triangle pattern, which often signals bearish continuation unless a breakout occurs. Fibonacci retracement levels show $93,153 as a key support, with a deeper correction possible toward $89,000 if downward pressure continues. On the other hand, a breakout past $109,000 would confirm a shift toward renewed bullish momentum.

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