BTC Price Strength Builds After Sharp Reversal
Bitcoin surged back above $91,000, reclaiming a critical support area after last week’s heavy sell-off. Market structure on the daily chart shows a decisive reaction from the $80,000–$83,000 demand zone, where buyers stepped in aggressively, pushing the price into a short-term recovery phase.
After a rapid decline triggered liquidity below October’s lows, Bitcoin has staged a strong rebound. The chart indicates a clean sweep of a strong low, followed by a bullish reaction that pushed the asset back into the mid-range. Traders are now watching whether BTC can maintain momentum and challenge the supply zones sitting between $94,000 and $106,000.
Market analysts say this rebound may mark the beginning of a stabilization phase—though heavier resistance remains overhead.
Price Analysis: Reclaim of Structure Signals Buyer Strength
Bitcoin’s structure shows multiple Breaks of Structure (BOS) and Change of Character (ChoCh) points over the past two months, signaling a continued battle between bulls and bears. However, the latest reaction from the green demand zone stands out as a significant defensive move.
The most important line to watch is the reclaimed $91K level, now acting as a short-term pivot.
BitXJournal market strategist noted:
“The reaction from the $82K liquidity pocket was stronger than expected. As long as Bitcoin holds above $90K, we could see attempts to fill the imbalance toward the $96K area.”
BitXJournal technical analyst added:
“The upper supply zones remain thick. Price needs a convincing daily close above $100K to shift momentum fully back into bullish territory.”
The chart highlights three major regions:
- Green Zone ($80K–$83K): A strong institutional demand area where buyers defended aggressively.
- Yellow Zone ($94K–$97K): First major supply block where sellers may attempt to regain control.
- Red Zones ($106K–$124K): Higher timeframe distribution areas, with liquidity resting above a weak high.
Market participants will be watching the current rally closely, as reclaiming the yellow supply zone could open a path toward higher liquidity at $102K and beyond.
As long as Bitcoin remains above $90,000, sentiment is expected to stay constructive, supported by rising volume and renewed interest from both retail and institutional traders.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.