Bitcoin price risks deeper downside, fails to reclaim $94k

The $94,000 region continues to define Bitcoins short-term trading structure. Market participants have observed repeated failures to close above this zone, which includes the 0.618 Fibonacci retracement of the recent corrective leg, the Value Area High of the established range, and a clear HTF resistance level that has consistently rejected bullish attempts.

Each rejection reinforces the bearish case for the level, and the most recent one has led to a decisive rotation downward, a move intensified by renewed volatility driven by the Feds 2026 policy outlook and a looming $2B liquidation risk.

A notable technical development is the drop below the Point of Control (POC), the price area with the highest traded volume within the current range. This shift often signals a transition from balanced trading to directional imbalance. When price trades below the POC, sellers typically maintain the advantage, and liquidity tends to drift toward lower value areas. As long as Bitcoin remains below this critical node, the path of least resistance continues to lean downward.

The next central area of interest lies at $88,960, a support level that has acted as the final line of defense for bulls in recent sessions. It represents the upper boundary of the Value Area Low (VAL) and marks the last structural point before price enters a deeper correction phase. A clean break and close below this level would invalidate the current short-term bullish attempts and open the door to a move toward lower liquidity pockets.

Should this breakdown occur, Bitcoin is likely to seek out liquidity resting near the swing low at $76,510, which is also the next significant HTF support region. This level aligns with prior consolidation activity and represents a zone where buyers previously stepped in aggressively.

A revisit to this area would place Bitcoin firmly back into deeper retracement territory, potentially testing broader market bullish conviction, especially as broader sentiment reacts to developments such as American Bitcoin expanding its treasury holdings, which recently pushed SPS higher following a 416 BTC accumulation.

What to expect in the coming price action

Bitcoin remains in a rotational structure, but unless bulls reclaim the POC and break back above $94,000, downside remains the dominant probability. A breakdown below $88,960 would likely accelerate a move toward $76,510, while a recovery above $94,000 would be needed to confirm any bullish momentum shift.