Will BTC push toward the next $100,000, or is the uptrend running out?

Bitcoin is still in a correction phase, but the structure remains controlled rather than impulsively bearish. Prices are reacting cleanly to higher timeframe levels, while volatility typically contracts prior to expansion.

The important point here is that this has not yet been distributed. It’s digestion. How BTC behaves around the current resistance will determine whether this move is simply a fall from the highs or the start of a broader continuation.

Bitcoin Price Analysis: Daily Chart

On the daily time frame, the asset is trading below the 100-day moving average and the 200-day moving average, which lies within a clear resistance zone. This area has already acted as a power inversion many times, so the denial here is technically valid.

However, the daily structure still holds higher lows from the November bottom, meaning sellers have not regained full control. This remains a correction range rather than a trend reversal as long as the price does not break above the high and low criteria and lose the demand zone below it.

BTC/USDT 4 hour chart

The 4-hour chart shows an ascending wedge/upward correction structure pushing into resistance. Prices are stalling tagging local supply, while the RSI has also been pushed into overbought territory and falling back.

The market is balanced here. A strong breakout above the $95,000 horizontal resistance level and the higher boundary of the wedge pattern will open room for the next daily supply zone just above $100,000. On the other hand, if rejected, the price could move back inside the pattern and support the lower range. Therefore, the medium-term price trend of BTC will largely depend on BTC’s reaction to current levels.

sentiment analysis

Futures data shows that compared to last year, average order value was driven primarily by retailers, with large players showing little activity. Retailer participation is showing near-resistance momentum, increasing the risk of near-term deception. This combination usually does not continue immediately and results in unstable price movements.

Overall sentiment is cautiously bullish, but crowded near the highs and retail-driven. This means BTC will likely need either a clean breakout with volume from a large player or a lower reset to shake a weak hand before the next directional move occurs.