Bitcoin Price Analysis: $BTC Holds Above $95,000 After Failed $98,000 Breakout

Bitcoin continues to show resilience after a failed breakout attempt near the $98,000 zone, with price action grinding above the key $95,000 level rather than collapsing sharply. Recent data shows BTC reclaiming and holding above this psychological and technical support range, suggesting buyers are still absorbing dips and defending this breakout level.

The brief push toward $98K–$98,100 represented a clear test of overhead resistance, but sellers stepped in as price approached those highs, causing momentum to cool and consolidate around the mid-$95K range. This kind of sideways compression after a breakout attempt often precedes a more decisive move — either continuation higher or a deeper pullback — depending on which side of the range yields first.

On the upside, technical structure remains constructive as long as BTC stays above the $94,500–$95,000 support band. Several analysts highlight that a clean reclaim and retest of $98K as support could trigger short coverings and a fresh leg toward the $100,000 psychological target and beyond. Bulls see this as a transition from consolidation to trend continuation, reinforced by institutional flows and lower exchange balances reducing available trading supply.

However, failure to decisively flip the $98K region into support keeps the door open for short-term corrective action. A break and close below $95,000 — especially with expanding downside volume — could prompt a faster decline toward $92,000 or even lower support zones, resetting the near-term structure.

Right now, Bitcoin’s behavior around the mid-$95K area is key. Holding this level shows buyers are not giving up ground easily, which maintains a bullish foundation. But until BTC can clear and hold above the higher resistance cluster near $98K, the market remains in a range-bound phase, with the next big breakout or breakdown likely to determine whether BTC resumes its upward pursuit or takes a breather.

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