Bitcoin (BTC) How Will It Move From Now On? Analysis Company Announced: "First Get Dumped Then Rise! Here Are the Critical Levels!"

Bitcoin has recently risen sharply, reaching over 94 thousand dollars. However, BTC could not hold at this level and fell back to around 92 thousand dollars.

As investors continue to act cautiously, it remains uncertain whether the recovery in Bitcoin is permanent or temporary.

At this point, the crypto analysis company Swissblock shared the current Bitcoin analysis.

Swissblock analysts stated that Bitcoin is facing a significant resistance in the range of 94,000 dollars to 95,000 dollars. Analysts expressed that this resistance needs to be overcome for BTC to continue its upward trend.

In contrast, analysts have recently indicated that they expect a pullback in Bitcoin, stating that "the next logical move for Bitcoin could be a pullback to gain momentum for a potential rise."

At this point, analysts stated that they expect the BTC price to test the support range of 89 thousand dollars - 90 thousand dollars, mentioning that this temporary correction could provide enough strength to push the price higher and offer buying opportunities for buyers.

Analysts noted that possible pullbacks will be seen as buying opportunities, considering the structural strength of Bitcoin.

"The 94,000-95,000 dollar range is clearly a resistance that needs to be broken."

A pullback seems like the next logical move to gain more upward momentum, but how far?

The 89,000-90,000 dollar range may be the next area to test the bulls, but considering BTC’s structural strength, these dips are intended for buying.