BTC Price Prediction: Can Bitcoin Sustain Its Momentum Above Critical Support?

Bitcoin traders are closely watching the technical setup as BTC continues to hold critical support levels. The recent price action shows bulls defending the $84,000 support zone, with Bitcoin closing the latest week around $88,35K—a level that remains crucial for determining the short-term direction. With BTC price prediction models pointing toward multiple scenarios, understanding the key technical levels will be essential for traders over the coming weeks.

Current BTC Price Setup and Market Conditions

Bitcoin recently closed near $88,35K with a 24-hour gain of +1.69%, demonstrating that bulls are maintaining their defensive position around the lower support levels. The broadening wedge pattern has been a key technical feature on the weekly chart, with the lower trend line now positioned at levels that Bitcoin should be testing this week. If the price fails to break above this trend line, traders should prepare for a potential decline toward the $72,000 to $68,000 support zone. The resilience shown by BTC around current levels suggests that bulls have not yet conceded control to bears.

Key Support and Resistance Zones for Bitcoin Trading

For BTC price prediction accuracy, understanding the resistance hierarchy is critical. The immediate resistance sits at $91,400, with the next significant barrier at $94,000. This $94,000 level is particularly important because it represents the threshold where momentum could shift substantially—a sustained close above this level would signal renewed bullish conviction. Above $94,000, expect formidable resistance clustered between $98,000 and $108,000, with the $101,000 to $108,000 range representing extremely heavy selling pressure. A weekly close above $108,000 would fundamentally change the long-term outlook.

On the support side, the $84,000 floor continues to prove its importance, holding firm against recent selling pressure. Should this level break, the next support zone spans from $72,000 down to $68,000, where buyers would likely step in. If Bitcoin closes below $68,000, the next meaningful support target would be the 0.618 Fibonacci retracement level at approximately $57,000, marking a much deeper correction.

BTC Price Forecast and Expected Movement Patterns

Recent price action suggests bears may be losing confidence as they have repeatedly failed to break through established support. This week, look for bulls to assert themselves with stronger pushes higher, particularly as they build conviction from successfully defending support. With market conditions potentially shifting, Bitcoin’s path depends heavily on whether traders can overcome the $94,000 resistance level. Large options positions set for expiration near $100,000 may also influence trading dynamics.

The BTC price prediction for the near term hinges on a critical breakout attempt. If bulls can establish a weekly close above $94,000 in the coming weeks, expect price targets climbing toward $101,000, with potential continuation to $108,000 if momentum accelerates. However, resistance becomes substantially thicker at these elevated levels, so significant rejection or consolidation should be expected even if Bitcoin reaches that zone.

Market Sentiment and Medium-Term Trading Perspective

Current market mood remains cautiously optimistic for bulls, though they still need to prove their strength through decisive price action. The next few weeks will be telling—if Bitcoin can overcome the $94,000 hurdle and sustain upward momentum, this could carry positive sentiment into the new year. Conversely, if bears retake the $84,000 support zone, the BTC price prediction would shift toward a deeper retracement scenario.

Ultimately, the technical setup offers clear parameters for traders. Support levels at $84,000, $72,000-$68,000, and $57,000 provide downside protection, while resistance at $94,000, $98,000, and the $101,000-$108,000 cluster defines upside targets. The next Bitcoin price movement will depend on whether bulls can break resistance or bears can reclaim control of support—both scenarios are viable based on current technicals.