Bitcoin squeeze between support and resistance: $88K maintains position, barrier $92K–$94K gains significance

Bitcoin quotes hovered around 90,81K USD, while the price chart compressed between a descending trend line and an ascending support base. This technical setup created a characteristic tightening structure around key levels, signaling reduced volatility after sharper moves in previous weeks. The chart map showed that the price moved significantly below the October highs near 124K USD and passed through several earlier resistance zones before stabilizing around 89-90K USD, where it repeatedly tested demand zones.

During the last trading session, BTC opened around 88,17K, reached a high of 90,05K, a low of 88,07K, and closed at 89,83K USD, reflecting an increase of about 1.89 percent during the day. From above, the market faced difficulty breaking through the 95-day moving average indicator near 95.6K USD, which coincided with nearby resistance zones around 93.8K and 95.9K USD. Chart analysis indicated larger control points on the bullish side, including a historical breakdown zone around 101.1K USD, which previously acted as a major reversal line before a more intense sell-off.

On the bearish side, additional support layers were positioned below the consolidation: around 89.4K, 88.1K, and 86.2K USD, with deeper levels near 83.6K and 81.5K USD. Even lower, significant levels appeared at 76K and 71.7K USD. This configuration reflected a balance between sellers defending the downward structure and buyers maintaining a new base.

Rebound from the 88K USD zone: next target in the 92K–94K range

Bitcoin again tested support at 88K USD and showed strength from buyers defending the level. The latest quotes placed BTC around 89.8K USD, representing an increase of approximately 1.86 percent from the open, after a low of 88.17K and a high of 90.05K during the session.

Technical charts indicated a broad resistance zone between 92K and 94K USD as another key area that Bitcoin struggled to break through during recent upward attempts. The price remained below higher reference points around 98K and 102.3K USD, which served as additional control levels for potential breakouts. If the price compression loosens upward, these zones could become thresholds for subsequent moves.

On the downside, layered demand zones below current quotes were marked: support around the middle of the range near 80K USD, then deep demand pools at 82.5-81.2K USD. A broader support block appeared near the high 70K USD, which would gain significance if the current base were broken.

Liquidation pressure maps: clusters above and below the trading range

Analysis of liquidation distribution revealed densely packed leveraged positioning bands both above and below the current trading range, indicating areas where forced closures could accelerate directional price movements.

The largest clusters of potential short position liquidations were located above the market, with clear bands passing through the 90K USD zone and increasing toward 92-93.7K USD. These levels often attracted price during rallies, as liquidated positions could generate buy impulses.

Below the range, the map showed layered pools of long position liquidations around 88K, 87K, and deeper at 86-84.5K USD. Moving into these areas could accumulate liquidations on the bull side and reinforce downward pressure, especially during periods of reduced liquidity.

The overall heatmap structure reflected a market squeezed between two clusters of leveraged positioning. With liquidation liquidity present on both sides, any breakout beyond the current squeeze could be amplified by derivatives flows, not just by direct spot market transactions.