Bitcoin Price Analysis: Major Pullback or Explosive BTC Breakout Next?

Bitcoin is grinding higher into a heavy resistance pocket while spot supply on exchanges keeps shrinking. Structurally, that’s a bullish backdrop, but technically, the price is pressing right into an area where profit-taking is expected. Therefore, either the price breaks and holds above this ceiling, or a corrective pullback into the mid-range would occur.

Bitcoin Price Analysis: The Daily Chart

On the daily chart, BTC has pushed back into the $95K resistance band, which lines up with the 100-day moving average. This is the same zone that rejected the asset on the previous bounces, so for now it still acts as a key supply area within the broader downtrend from the highs.