Bitcoin Analyst Sees Path to $92,000 or $97,000 as Long as Support Zone Holds
A financial analyst is predicting a positive outlook for Bitcoin's price, suggesting it could reach as high as $92,000 or $97,000 if it holds onto a narrow support band just above $81,000. The analyst points to three signs in Bitcoin's favor: its continued trading above the May high near $82,800, its monthly close above the 50-week simple moving average, and the breaking of the downtrend that started in October 2025.
The analyst notes that the support zone that matters most is between $81,600 and $82,937, and as long as Bitcoin stays above it, the path to higher prices remains open. If this zone is broken, the next levels to watch are $78,200 and $75,000.
Bitcoin needs to break above its October 2 high to signal the start of the next leg up, but there is currently no clear confirmation. The analyst also notes that the bounce from the September 28 low came in three steps, a pattern that usually signals a weak recovery, and that Bitcoin is trading in a range, which does not have a clear trend.