Bitcoin Price Today: BTC Price Holds $96K Support While Bulls Wait for a Break Above $103K to Regain Momentum
The post Bitcoin Price Today: BTC Price Holds $96K Support While Bulls Wait for a Break Above $103K to Regain Momentum appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is holding near the $96,000 level today, slipping only slightly despite renewed focus on the unfilled CME gap around $92K. With trading volume remaining strong and BTC’s market cap firmly above $1.8 trillion, analysts say the market structure still favors a potential rebound toward the $101K–$103K zone. High-timeframe demand, cooling bearish momentum, and improving liquidity conditions continue to support the outlook, even as traders debate whether the CME gap will act as a short-term magnet. CME Gap at $92K Continues to Influence Price Expectations A key talking point among traders remains the open CME futures gap near $92,000, an area that historically attracts price due to futures-spot dislocations. Independent analysts tracking futures behavior note that the gap continues to shape short-term sentiment. Bitcoin approaches the $92K CME gap, likely filling it before any rebound. Source: @TedPillows via X One such analyst, Ted (@TedPillows), who frequently comments on Bitcoin futures structure, observed, “$BTC is now getting closer to its $92K CME gap. At this point, Bitcoin is going to fill this gap before any bounceback.” Charts shared across the trading community show Bitcoin facing resistance between $99K and $111K before pulling back into the mid-$90K zone. While some traders view this as the beginning of a deeper correction, others frame it as a standard retracement within an ongoing macro uptrend. Overall sentiment remains split: Bearish participants expect a deeper probe into $92K or even the $88K–$90K range. Long-term holders and technical analysts highlight similarities to earlier consolidation periods that preceded trend continuation. Key Support Zone at $88K–$90K Gains Attention In a separate market update, analysts monitoring weekly structure pointed to the $88,000–$90,000 region as an important technical area due to its alignment with long-standing trendline support originating in mid-2024. As Ted noted in his second commentary, “BTC is approaching…
Filed under: News - @ November 15, 2025 10:27 pm