Absorption is big market is volatile, a lot of volume coming in see my analysis since on Sunday it even tried to close above 95,340k and was unsuccessful so what we have left is to wait and wait, what could have been very good for BTC happened this morning Brazil time, day in Asia tested a more important level of this entire correction showing a lot of strength and immediate rejection in the region of 89,250k, now it is free to follow its upward path to new ATH.

Weekly Analysis: $BTC Tests Important Supports and Shows Strength for Bullish Resumption

The cryptocurrency market remains dynamic and full of emotions, and $BTC , as the protagonist, has been making significant moves in recent days. Weekly dominance analysis shows that the crucial resistance at 95.340k has not yet been overcome, despite the recent attempt. Yesterday, BTC reached a high of 95.850k, but was promptly rejected, indicating a significant technical barrier.

During the early hours of the morning (Brasília time) and during the day in Asia, Bitcoin retested the 91k region, which had previously demonstrated strength as support. However, the price was unable to sustain itself and sought the 89.250 region, which proved to be an important level. This rejection at the support suggests a possible resumption of buying pressure.

The Role of Supports in the Current Context

The 89,250 region is technically relevant, as it represents a point of liquidity and interest from buyers. This level has been tested and rejected, which, so far (afternoon in Brazil, evening in Asia), reflects a positive signal for the short term. After the all-time high (ATH) last December, BTC has been consolidating retraction and accumulation movements, typical of periods of preparation for new highs.

The 91k support, despite being temporarily lost, remains a significant psychological level. Recent dynamics suggest that chasing solid support regions has been a market strategy, with investors taking advantage of pullbacks to reposition.

Bullish Expectation: Technical Scenario

Bitcoin's current technical structure suggests that a new high may be on the way, considering the following factors:

1. Successful Support Tests: The price rejection in the 89.250 region reinforces the importance of this level as a basis for a possible recovery.

2. Market Resilience: Despite the rejection in the attempt to break 95,340k, BTC's persistence in testing supports demonstrates latent buying strength.

3. Market Cycles: Historically, BTC exhibits accumulation movements before new highs, especially after a year of an ATH, such as the one recorded last December.

Perspectives for the Coming Days

If BTC manages to sustain the region above 89,250 and return to the 91k level, there is a high chance of a move towards 95,340k again, with the possibility of a breakout. This scenario would be largely positive for the market, as it could attract new capital inflows and generate confidence among investors.

However, it is important to watch the price action in the coming sessions. A consistent loss of 89.250 could signal increased selling pressure, leading the price to seek lower supports.

Bitcoin’s momentum remains challenging, but price action over the past few days suggests a solid foundation for a recovery. Successful support tests, coupled with expectations of a weekly resistance breakout, indicate that BTC has the potential for a significant rally. Investors and analysts should remain focused on critical levels and market reactions to buying and selling pressure.

If confirmed, this rally would not only bring relief to the market but would also reaffirm Bitcoin as the benchmark asset in the crypto ecosystem.