- Bitcoin is repeatedly testing the $93,500 range-high resistance with progressively weaker rejections.
- Successful breakout above $93,500 could invalidate the 9-month macro downtrend channel.
- Failure to break higher risks another drop toward range lows near $80,000–$83,000.
Veteran chart analyst Rekt Capital has sounded the alarm: the multi-month range-high resistance around $93,500–$95,000 is finally showing cracks after months of brutal rejections. In a series of posts on X, the analyst pointed out that Bitcoin’s latest attempts to clear this zone are meeting significantly weaker selling pressure than earlier in 2025. Each touch of the range high has produced lower highs on the rejection candles — a classic sign of exhaustion among sellers and diminishing supply at these levels.
The significance cannot be overstated. Since early 2025, Bitcoin has been trapped inside a giant descending channel that began after the all-time high near $109,000. The upper boundary of this macro downtrend has capped every rally for nine straight months. A confirmed weekly close above $93,500–$95,000 would represent the first higher high since March, effectively breaking the backbone of the entire bearish structure.
Historical precedent favors the bulls if the breakout sticks. Rekt Capital notes that similar range-high breakdowns in past cycles (2017 and 2021) preceded explosive parabolic moves. With spot ETF inflows remaining robust and the post-halving re-accumulation phase now in its eighth month, on-chain metrics such as exchange balances and long-term holder accumulation continue to flash green. That said, caution is warranted. A failed breakout — marked by another sharp rejection and weekly close back inside the range — could trigger one final sweep of the lows near $80,000–$83,000 before the real move higher begins. This “one more deviation below the range” scenario remains a favorite among many technical traders.
Market participants are watching the coming days with bated breath. A decisive weekly candle close above $95,000 would confirm the macro trend reversal and likely ignite the next leg toward six figures. Until then, volatility should remain elevated as the battle at the range high reaches its climax. For now, the path of least resistance is starting to tilt upward. Bitcoin stands on the cusp of something big — whether it delivers this week or after one final shakeout, the $93,500 level has rarely looked this vulnerable.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
