Bitcoin At A Crossroads: $93,500 Reclaim Holds The Key For Next Move

After breaking above a crucial resistance level, Bitcoin (BTC) is attempting to retest this area as support to potentially challenge new highs. An analyst affirmed that this reclaim holds the keys for the flagship crypto’s next major move.

During this period, BTC has been hovering between the $86,200-$93,500 levels in the weekly timeframe, facing strong resistance around the mid-zone of the range. However, the flagship crypto was able to close the previous week above the $90,500 resistance, enabling a move toward the key upper boundary.

Now, price is challenging this level again, “which is not just the Range High resistance of the Weekly Range but is also a confluent resistance with the multi-week Downtrend that has plagued price since forming in mid-October 2025.”

He added that if BTC has begun a Bear Market, “what this translates to is that price could overextend beyond $93500 over the coming months in order to solidify a Macro Lower High before continuing lower.” As a result, this level would only be successfully reclaimed in the next halving year in 2028.

Despite the potential macro resistance, the analyst affirmed that a weekly reclaim or short-term rejection of the $93,500 level “isn’t as important as the general direction BTC seems poised to continue to pursue: BTC wants to return above $93.5k.”

Notably, the cryptocurrency showed a similar performance during the Q2-Q3 2025 recovery, when price broke out of the downtrend, reclaimed the $93,500 area, and retested it for a few weeks before a move to higher levels.

This would also build a base for a challenge of the converging bull market Exponential Moving Averages (EMAs), which were lost during the Q4 2025 corrections. Per the chart, the 50-week EMA and 21-week EMA currently sit around the $97,000-$98,000 levels.

“History suggests there’s a good chance price will break beyond these EMAs,” Rekt Capital affirmed, but cautioned that it also suggests Bitcoin won’t be able to successfully turn these levels into a new support.

Nonetheless, “a Range breakout and a Weekly Downtrend breach are essential in the first place for BTC to get closer to those EMAs,” he concluded.

As of this writing, Bitcoin is trading at $93,330, a 4.8% increase in the weekly timeframe.