BTCUSDT Long: Demand Support Fuels Push Toward $92,500

[kevin1]

Hello, traders! BTCUSDT previously traded within a well-defined Descending Channel, confirming strong bearish pressure and controlled sell-side momentum. Price consistently respected the channel boundaries, producing lower highs and lower lows until a decisive breakdown occurred near the lower channel edge. After this breakdown, Bitcoin reached a clear Pivot Point, where sellers began to lose control and buyers stepped in aggressively. This reaction marked the end of the bearish impulse and initiated a structural shift. From this pivot low, price started forming higher lows, signaling the emergence of demand and the beginning of a recovery phase.

Currently, BTC broke above local resistance and entered a Range phase, where price consolidated between the 88,000 Demand Zone and the 92,500 Supply Zone. Multiple breakout attempts occurred inside this range, confirming active participation from both buyers and sellers. However, each dip toward the demand area was quickly absorbed, showing strong buyer interest and defense of the lower boundary. A rising Demand Line formed beneath price, reinforcing bullish pressure and supporting higher lows within the range. This structure indicates accumulation rather than distribution, suggesting preparation for a directional move.

My primary scenario is bullish as long as BTCUSDT holds above the 88,000 Demand Zone and continues respecting the ascending demand line. The recent pullback into demand appears corrective rather than impulsive, favoring continuation to the upside. I expect price to push back toward the 92,500 Resistance, which represents the upper boundary of the range and a key decision level. A clean breakout and acceptance above 92,500 would confirm bullish continuation and open the path for further upside expansion. Manage your risk!

[Nahid Hossen]

Demand zones continue to attract buyers aggressively.