- BTC/USD moved above the minimal price level of $92K − $94K and is inactive at the moment.
- The levels of critical resistance are analyzed at $102K, $110K, and $118K based on Fibonacci levels.
- If $94K support remains intact, BTC price may attempt to push towards the higher levels but violation of the same brings focus back to $88K-$86K support.
The recent market structure of bitcoins shows a shift from a bearish market formation especially after breaking out of a descending trendline for a long time. Based on the data from May 7, 2025, the BTC price is around $96,383 with the intraday high of $97,926.
BTC has spent months trading in lower high patterns and now it has transitioned to trading in a horizontal channel just above a retested level. It remains to be seen how long this structure will persist but it could be an early pointer to a continuation.
Key Downtrend Break Sets New Structure
A downward trending line has been in place since the middle of the year 2023 and was breached earlier this year. This caused the mid-term sentiment to turn up, and following this break the price went up sharply.
As it reached the $92,000–$94,000 mark, the price began to rise again. The move above this level turned a previous resistance area into current support. It is therefore important to observe the price changes around this area for further direction of the market.
Price Reclaims Support, Builds New Base
The $92,000– $94,000 area remains the closest support level. It functioned as a ceiling for multiple rejection in 2023 and early 2024. The procedure of Bitcoin testing this level to stay above it consolidates it as support, being a new role of the level. If this zone fails, lower support is evident between $88,000 and $86,000.
For now higher lows and a continuous constructive involvement of buyers mean a strength within this regained range. Market participants are keeping an eye on volume and volatility indicators for some forward movement.
Fibonacci Levels Mark Key Resistance Targets
The breakout is now confirmed, and Bitcoin is found to have three more resistance levels that can be associated with the Fibonacci indicators. The first target is at $102,000 as investors are likely to resist further upward gains if indeed the trend is up.
The second support is located at $110,000 and the third support level at around $118,000. These areas may define some short term support and rallies within them may lack sufficient demand pressure. These levels can only come into play when the price holds above $94,000.
