Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash

That difference is important, because the analysis shows that Bitcoin is now approaching a resistance band that could decide whether the rebound continues or turns into another trap for late buyers.

Therefore, Bitcoin’s failure to establish solid support after breaking above a key macro Fibonacci level has left the asset exposed, now pressing into a major resistance zone spanning between $85,200 and $93,000.

The short-term structure has clearly improved from the early February lows around $60,000, but Tara’s chart points to several overhead levels that now matter. The first major red resistance line is around $85,288, which corresponds with the 0.382 retracement on the projected structure. Above that, the 0.5 retracement level near $93,099 becomes the bigger test.

Based on the analyst’s count, the current rally should be a counter Wave B move within a larger corrective ABC trend. The analyst described Wave B as one of the most deceptive phases of a market cycle because it can make traders believe the correction is already over. However, the range between $85,200 and $93,000 represents the region where the Wave B rally could start to lose strength.

Now that the Bitcoin price is approaching resistance, the outlook is what to expect based on what could happen if it is rejected at that zone. The next phase can turn lower and punish buyers who entered too late.