Despite a sharp weekend dip following Donald Trump’s latest tariff threats against eight European countries, Bitcoin managed to find support at $93,000. BTC is still down 2.66% on the day, while the broader crypto market is valued at $3.14 trillion, marking a daily decline of 2.61%.
According to the Bitcoin liquidation heat map from Coinglass, there is more liquidity sitting below the current price, especially in the $90,000 area, compared to above it.
(Source: Bitcoin Liquidation Heatmap / Coinglass)
That tells you that many sellers are long-term dependent, so if the price slips and the support breaks, forced selling can start immediately and snowball. On the flip side, liquidity is less and less spread, which means the price may need real demand to go up, not just tight shorts.
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Bitcoin Price Prediction: BTC fails key resistance, downside risk builds below range
(Source: BTCUSD / TradingView)
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Bitcoin recently declined again from the $94,500–$95,000 area. At this point, that area is clearly acting as a ceiling. Every push from it continues to be rejected, and the latter caused a sharp pullback that pulled BTC back into the mid-range, killing the short-term momentum.
On the other hand, the $87,000 level is a big one to watch. It is compatible with pre-combination and scope reduction. If that support opens, the price could quickly slide into a lower demand area near the low $80,000s.
The RSI is sitting around 37, indicating that the momentum has cooled quickly and is beginning to lean. However, it hasn’t sold much yet. That means there’s still room for the worst before buyers show up. The MACD folded, again, supporting the view that the move was a rejection, not a healthy dip.
Overall, Bitcoin is still range bound. The bulls need a clean recovery and hold above $94,500 to open the door towards $100,00. Continued weakness keeps risks headed for another test of lower support.
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