psychological level Archives - Coin Engineer https://coinengineer.net/blog/tag/psychological-level/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 30 Apr 2025 13:47:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png psychological level Archives - Coin Engineer https://coinengineer.net/blog/tag/psychological-level/ 32 32 Bitcoin Rejected at $95,632: Is a Pullback to $86,600 on the Horizon? https://coinengineer.net/blog/bitcoin-rejected-at-95632-is-a-pullback-to-86600-on-the-horizon/ https://coinengineer.net/blog/bitcoin-rejected-at-95632-is-a-pullback-to-86600-on-the-horizon/#respond Wed, 30 Apr 2025 15:00:27 +0000 https://coinengineer.net/blog/?p=41090 Bitcoin faced a strong rejection at the $95,632 resistance level, triggering a price pullback amid selling pressure. This level has emerged as a key short-term resistance zone, where increased sell orders have pushed the price downward. The rejection came with notable trading volume, indicating short-term profit-taking by investors. You Might Be Interested In: Elon Musk

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]]> Bitcoin faced a strong rejection at the $95,632 resistance level, triggering a price pullback amid selling pressure. This level has emerged as a key short-term resistance zone, where increased sell orders have pushed the price downward. The rejection came with notable trading volume, indicating short-term profit-taking by investors.

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In the case of a continued retracement, the first major support is expected around the Fair Value Gap (FVG) zone — a region often filled by buy-side orders. If this area fails to hold, the price could potentially fall further toward the next support at $86,600.

What If the Resistance Breaks?

On the flip side, if $95,632 is broken with strong volume, the next psychological and technical target will be the $100,000 level. This area represents not only a round-number milestone but also a zone likely to attract media and investor attention. A convincing breakout could accelerate bullish momentum significantly.

bitcoin
BTC/USD pair daily chart.

Traders should remain cautious and closely monitor volume and price action at these key levels. In volatile markets, technical thresholds often act as decision points for both institutional and retail players.

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The post Bitcoin Rejected at $95,632: Is a Pullback to $86,600 on the Horizon? appeared first on Coin Engineer.

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