Bitcoin is losing strength after failing again to break above the $94,000 resistance zone. The price has now slipped below key volume levels, raising the risk of a deeper correction in the coming days.
Bitcoin’s latest rejection at $94,000 confirms a bearish structure. This level is reinforced by major technical indicators, including the 0.618 Fibonacci retracement, the Value Area High, and long-term resistance. The market has repeatedly failed to close above this zone, signaling strong seller control.
The drop below the Point of Control (POC) adds further pressure. The POC represents the price area with the highest traded volume. When Bitcoin trades under this level, sellers usually take the lead, and the market often moves toward lower-value areas.
The next major support sits at $88,960. This level has held firm in recent sessions and marks the last key barrier for buyers. A clean break below it would open the way for a move toward $76,510, the next significant support level. This region holds past liquidity and marks where buyers stepped in during previous pullbacks.
If Bitcoin fails to defend $88,960, the market could enter a deeper correction phase. A decline toward $76,510 would test bullish sentiment and could shift short-term market expectations.
To regain momentum, bulls need to push the price back above the POC and reclaim the $94,000 resistance. Without this recovery, downside pressure remains the most likely scenario.
