Bitcoin Prepares For An Aggressive Move, Which Way Will It Go?

Bitcoin has remained in a quiet consolidation below the $100K mark, creating an environment filled with uncertainty and frustration among traders.

Bitcoin price is still trading within a tight range as it continues to hover above the $94K level but struggles to break past the $100K mark. This sideways trading has left many wondering what the next move will be, with some expecting a breakout and others anticipating a retracement.

According to Glassnode data shared by top analyst Ali Martinez, the most critical resistance level for Bitcoin on X is currently at $97,533. This level has acted as a crucial barrier in recent weeks, preventing bulls from regaining momentum and pushing BTC into a clear uptrend.

If Bitcoin manages to break and sustain a move above this resistance, it could signal the start of a new uptrend, potentially driving prices toward ATH and beyond. However, failure to do so may lead to continued sideways trading or even another retest of lower demand zones.

As market participants await confirmation of the next major trend, Bitcoin remains at a pivotal moment that could define its next major move.

Bitcoin Price Analysis

Bitcoin price is trading at $97,300, attempting to reclaim key moving averages that could define its short-term direction. The 4-hour 200 exponential moving average (EMA) at $98K and the 200 moving average (MA) at $100K serve as critical resistance levels that bulls must overcome to confirm an uptrend.

If Bitcoin breaks above these levels and holds them as support, it could ignite a massive rally toward new highs. However, uncertainty still dominates the market as BTC struggles to sustain bullish momentum.

Investors are closely watching whether the price can break through these resistance zones or if another rejection will occur. A failed attempt to push above the $98K-$100K range could result in increased selling pressure, leading BTC into lower demand zones around $91K.

Despite the cautious sentiment, Bitcoin's long-term structure remains bullish as it continues to hold above key support levels. The coming days will be crucial as traders look for confirmation of either a breakout or a potential retracement. If BTC manages to reclaim these key moving averages, confidence could return to the market, fueling further upside momentum. Until then, Bitcoin remains in a critical consolidation phase, awaiting its next decisive move.