Bitcoin (BTC) price is trading at a pivotal technical junction after losing a major psychological level. Recent charts highlight growing sell-side pressure, while liquidity data and long-term projections present a mixed backdrop. Analysts noted that near-term price targets hinge on how Bitcoin reacts around key support and resistance zones.
According to analyst Ted, the daily chart shows a decisive structural shift after Bitcoin price lost the $90,000 support. This level previously anchored consolidation and demand. The breakdown accelerated sell-side momentum and pushed price into lower liquidity zones.
Several former supports have now flipped into resistance, reinforcing a bearish-to-neutral short-term bias. Bitcoin price remains capped below multiple technical levels. This structure limits upside follow-through during recovery attempts.
Supply zones between $93,000 and $102,000 continue to reject rallies. Each move into this area has faced aggressive selling. Ted noted that without a sustained reclaim of $90,000 to $93,000, upside moves remain corrective.
On the downside, demand zones between $85,000 and $81,000 remain critical. These zones align with previous accumulation and long lower wicks. However, repeated tests weaken demand, increasing downside risk if support fails again.
Meanwhile, according to analyst CW, whale liquidity defines the current trading range. Order book data shows a strong buy wall near $87,000. A heavy sell wall remains positioned around $93,000.
This setup creates a narrow liquidity corridor controlled by large participants. Sharp bounces from the high-$80,000 region suggest reactive buying. However, these moves lack continuation, reflecting distribution rather than accumulation.
Furthermore, the inability to absorb sell orders near $93,000 keeps Bitcoin price range-bound. The analyst noted that this behavior favors mean reversion trading. Trend continuation requires aggressive absorption of overhead supply.
Moreover, a breakdown below the $87,000 buy wall would be significant. It could expose lower demand zones identified on higher timeframes. Until then, price oscillation remains the dominant behavior.
Additionally, according to analyst Rand, long-term projections remain structurally bullish despite current volatility. The chart aggregates predictions from figures such as Michael Saylor and Cathie Wood. Targets range from $200,000 to over $1 million by 2030.
These forecasts are based on fixed supply dynamics, institutional adoption, and macro hedging demand. Historically, Bitcoin has endured deep drawdowns within broader bull cycles. Each correction has occurred within a longer-term growth curve.
However, these projections depend on variables like ETF inflows and macro liquidity conditions. Short-term technical weakness still governs market behavior. Resistance clusters and sentiment shifts remain decisive factors.
Rand’s analysis highlights the contrast between short-term technical pressure and long-term valuation models. Volatility remains embedded in Bitcoin’s structure. These phases continue to define market positioning without altering the broader supply thesis.
The post Bitcoin Price Prediction: Key Levels Decide Path Toward $100K appeared first on CoinCentral.

