Bitcoin encountered notable difficulty in maintaining its upward momentum during Tuesday’s Wall Street open…

Lede

Bitcoin encountered notable difficulty in maintaining its upward momentum during Tuesday’s Wall Street opening session. Market data reflects that the digital asset struggled to extend its recent rebound as it approached a significant concentration of seller interest. This resistance is particularly concentrated around the $95,000 price level, an area characterized by a large volume of sell orders. Prior to this period of stagnation, Bitcoin price action had reached a peak of $94,800 the previous day, which represented its highest point since mid-November. The inability to push past this threshold has led to what observers describe as “choppy” price movements, as the market attempts to process the liquidity available at higher valuations.

Analytical tools and order-book data have highlighted specific obstacles in the current price path. Specifically, a “passive seller” was identified at the $94,000 mark. This entity appears to be selling into price increases in a sustained manner, which effectively dampens the potential for a rapid breakout. As Bitcoin tests these upper boundaries, the presence of heavy ask orders at $95,000 serves as a primary hurdle. Market participants are monitoring whether the price can successfully smash through this supply or if it will face a rejection. The start of the New York trading session highlighted these challenges, with the rebound failing to find the necessary follow-through to clear these established psychological and technical milestones.

Context

The current struggle for Bitcoin to clear resistance levels comes at a time when the broader macroeconomic landscape is showing strength in other sectors. Bitcoin price action has recently begun to weaken when compared to traditional risk assets and precious metals. While the cryptocurrency market faces hurdles at $95,000, gold has reached a significant valuation of $4,491 per ounce. Simultaneously, silver has demonstrated robust performance by retaking the $80 mark. Silver’s upward trajectory has extended beyond the $80 per ounce level, contributing to a year-to-date gain of 13%. This divergence suggests that while the appetite for risk and inflation hedges remains, Bitcoin is not currently the primary beneficiary of these inflows.

Financial analysis firms, including QCP Capital, have observed that the cryptocurrency market is increasingly falling back in line with major global asset classes. This alignment indicates a potential regime shift where Bitcoin follows the broader trends of risk-on assets more closely than it has in the past. US equity markets have also trended higher, further emphasizing the relative weakness in Bitcoin’s immediate rebound attempt. The strength in the metals market, particularly the sustained gains in silver and the high price of gold, provides a context of significant liquidity in traditional markets. However, Bitcoin’s internal market dynamics, such as the concentrated seller interest at $94,000 and $95,000, appear to be temporarily decoupling it from the momentum seen in these other major asset classes.

Impact

The presence of significant sell walls at $95,000 is having a tangible impact on intraday market behavior and trader sentiment. The identification of a “passive seller” at $94,000 has introduced a layer of caution, as these entities tend to exhaust buying pressure by consistently filling orders as the price rises. This dynamic often results in price decay, where the momentum of longs is sapped, potentially leading to late-positioned shorts entering the market. The impact of this selling pressure is a loss of momentum that was previously established when Bitcoin hit $94,800 the day prior. This choppiness reflects a market in transition, trying to determine if there is sufficient demand to overcome the current supply overhead.

Despite the immediate resistance, there are metrics suggesting deep-seated interest in the asset at lower price points. A notable Bitcoin buying metric recently flipped positive at the $88,000 level. Historically, this specific metric has been associated with average gains of approximately 109%, suggesting that while the $95,000 level is a current roadblock, there is a strong foundation of support below the $90,000 mark. The tension between this long-term buying signal and the immediate wall of asks at $95,000 defines the current trading environment. Until the market can resolve this imbalance, Bitcoin may continue to exhibit weakened performance relative to other precious metals and risk assets that do not face similar concentrated selling pressure on their respective exchanges.

Outlook

The outlook for Bitcoin over the coming days is heavily dependent on its ability to secure a favorable weekly close. Analysts have identified $93,500 as the key focus for the end of the week. This level is considered vital for maintaining a mid-term bullish bias and confirming a breakout from the current trading range. On weekly timeframes, Bitcoin has successfully protected the bottom of a key range, which provides a level of optimism for long-term holders. Achieving a close above $93,500 would not only signal a breakout from the range but would also mark a move above the 2025 yearly open level, a technically significant milestone for market participants.

Technical analysis suggests that holding $93,500 as support could potentially end a weekly downtrend that has been in place since mid-October 2025. While this downtrend is described as having mid-term significance rather than being the most critical historical trend, its conclusion would be a noteworthy development for market sentiment. The focus remains on whether Bitcoin can absorb the passive selling at $94,000 and the larger seller interest at $95,000 to reach these weekly targets. If the asset fails to hold the $93,500 level as support, it may indicate a continuation of the range-bound behavior or a more protracted consolidation phase. Consequently, the interaction between immediate resistance and these weekly support levels will be the primary factor determining the market’s trajectory in the near term.