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Bitcoin Testing Critical Supply Level
BTC has encountered strong rejection around the $95k supply zone, signaling seller dominance at this level. The current price action suggests a potential pullback scenario is developing.
Key levels to monitor:
• Resistance: $95k (local supply zone showing rejection)
• Support target: $85k (local demand zone)
Traders should watch for confirmation as BTC approaches the $85k demand zone. This range compression between supply and demand could present an important decision point for the market. The rejection at $95k indicates sellers are protecting this zone effectively, making the lower demand level a logical target for near-term price discovery.