Bitcoin's testing that critical supply zone again — right around the 92.5k to 94k range.
If price manages a clean breakout and holds above this level? We could be looking at a move toward the 96k pivot point. And here's the thing: FOMC meeting is just 9 days out. Don't be surprised if we see that pivot tested sooner rather than later as traders position ahead of the Fed announcement.
But if this zone rejects price? Then we're probably heading back down to retest that 90k-91k demand area, just like what happened last time.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
DAOdreamer
· 12-03 16:42
The key range is 92.5 to 94k. Whether it breaks or not depends on this time. There will likely be some action within ten days before the FOMC.
View OriginalReply0
GasFeeLover
· 12-03 10:14
Still hovering around the old 92.5-94k range. Like I said before, once the Fed makes a move, the market will pump. Are you betting or not?
View OriginalReply0
GoldDiggerDuck
· 12-03 00:12
92.5k can't hold on anymore... it feels like it's about to break the level.
View OriginalReply0
DegenWhisperer
· 12-03 00:11
Is 92.5 to 94k coming again? Didn't they say the same last time? In the end, it still got dumped, haha.
View OriginalReply0
FloorSweeper
· 12-03 00:11
lol everyone's gonna get liquidated before fomc anyway, these levels are just honeypots for retail paper hands
Reply0
ApeWithNoChain
· 12-02 23:57
92.5-94k is back again, can it break this time? It feels like everyone is tired of playing.
View OriginalReply0
GigaBrainAnon
· 12-02 23:55
The key position of 92.5-94k has come again, it really needs to break through.
Bitcoin's testing that critical supply zone again — right around the 92.5k to 94k range.
If price manages a clean breakout and holds above this level? We could be looking at a move toward the 96k pivot point. And here's the thing: FOMC meeting is just 9 days out. Don't be surprised if we see that pivot tested sooner rather than later as traders position ahead of the Fed announcement.
But if this zone rejects price? Then we're probably heading back down to retest that 90k-91k demand area, just like what happened last time.
Next week's gonna be interesting for sure.