Bitcoin Stuck At 92K With Low Volume Raising Fears Of Another Sharp Drop

TLDR

• Bitcoin is trading between $90,300 and $92,000 after a rally from $80,000
• Resistance is strong between $92K–$95K with 500K BTC acquired in this range
• Spot and onchain transfer volumes have dropped despite price recovery
• Bulls aim to reclaim $94K–$95K to regain trend and target $100K levels

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Bitcoin has stalled near the $92,000 mark after rebounding from a recent low of $80,000, leaving traders uncertain about the next move. With weak spot trading and on-chain volumes, questions arise about whether BTC can build enough momentum to avoid another downturn. Analysts say the key lies in reclaiming the $94,000–$95,000 range, as resistance grows and buyers await confirmation of a renewed bullish trend.

Bitcoin stalls at $92K as volume drops after relief rally

Bitcoin’s price has paused around $92,000 after recovering from lows of $80,000 earlier this month. The short-term trend remains upward, though the momentum has weakened due to declining trading activity.

The BTC/USD pair is now moving between $90,300 and $92,000, according to TradingView and Cointelegraph Markets Pro data. Analysts at Swissblock say the drop below the yearly open of $93,300 marked a key shift in market behavior.

“Reclaiming $94,000–$95,000 is necessary to confirm a renewed uptrend,” Swissblock stated. They added that BTC must hold above the $83,000–$85,000 zone to avoid forming a lower bottom.

Key resistance seen between $92K and $95K

Glassnode’s cost basis distribution map shows that many investors bought Bitcoin between $93,000 and $96,000, where roughly 500,000 BTC were accumulated. This creates resistance in that area, which could block further upward movement unless strong demand returns.

If Bitcoin breaks this level, the next major supply zone is between $100,000 and $108,000. Glassnode noted on social media that “breaking above the top-buyers’ supply clusters is a key prerequisite for regaining momentum toward a new ATH.”

The bullish outlook will likely strengthen if BTC passes $97,000–$98,000, a zone identified by traders as the final hurdle before testing $100,000. Analysts are also watching futures data that show positive signs for market recovery.

Trading volumes decline despite price recovery

Despite the recent rally, onchain activity has decreased. The seven-day moving average of onchain transfer volume has dropped 20% in the past week, now at around $87 billion. This shows a reduced level of engagement from network participants.

At the same time, daily spot trading volume remains low at about $12.8 billion. These levels are well below the volumes seen during earlier phases of the current bull cycle.

The rise above $91,000 was not matched with a volume increase. This divergence indicates weaker speculative interest and suggests that investor confidence is not yet fully restored.

Market awaits volume surge to confirm breakout potential

Trading data shows that spot markets are beginning to stabilize. Bitcoin’s taker cumulative volume delta (CVD) is shifting back to neutral after weeks in negative territory.

If buying activity increases, similar to the pattern seen between May and July, Bitcoin could regain momentum. During that earlier period, BTC rallied 32% and reached a new all-time high near $123,000.

Market participants now look for a return of strong volume, which could support a move past $95,000. Without it, the current price range may persist or face downward pressure if key support levels break.

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