Bitcoin Fugazi Rally Tests 93k–94k, Weekly Bear Still in Charge

Bitcoin has spent the last sessions grinding higher into the low‑90k band, pressing right into the same 12H resistance zone around 93k that was flagged earlier this month as a “decision level” rather than a clean breakout signal. Short‑term momentum remains constructive across 2H–12H, with MACD and RSI recovering and confirming that bulls have wrestled back control of the intraday tape, but the weekly structure is still firmly bearish with price well below its major moving averages. That combination keeps this move squarely in “fugazi rally” territory for now: real upside energy, but pressing directly into a pre‑defined ceiling cluster rather than breaking the macro trend.

Bitcoin Fugazi Rally Tests 93k–94k, Weekly Bear Still in Charge.

Disclaimer

The content in this publication is for informational and educational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor.

Any opinions, strategies, or analyses shared reflect my personal views and experiences. I may hold positions in the cryptocurrencies mentioned (e.g., BTC, ETH, SOL), which could influence my perspective.

Cryptocurrency markets are highly volatile and involve significant risk. Always do your own research and consult a licensed financial advisor before making any investment decisions.

No guarantees are made regarding the accuracy, completeness, or profitability of any information provided. All opinions are subject to change as new information becomes available.

This content is intended for a general audience and may not comply with regulatory standards in your specific country or region. Invest responsibly.

Bitcoin Fugazi Rally Tests 93k–94k, Weekly Bear Still in Charge.

Disclaimer

Dion