- Bitcoin struggles below $93,000 as bearish technical structure dominates price action
- Peter Brandt warns recovery unlikely without decisive breakout above $93,000
- ETF outflows and heavy volume signal sustained pressure across Bitcoin market
Bitcoin remains under visible pressure as traders react to a cautious technical outlook from veteran market watcher Peter Brandt, with recent price action reinforcing doubts about recovery strength.
According to Peter Brandt, Bitcoin continues to trade within a clearly defined bear channel that reflects sustained lower highs and lower lows, signaling that sellers still dominate short-term price action.
However, Brandt pointed to a specific price zone that could change sentiment, noting that Bitcoin must reclaim and hold above $93,000 to negate the bearish setup. Without that move, downside risks remain elevated as uncertainty continues to shape market behavior.
Meanwhile, Bitcoin’s recent trading range highlights hesitation, with prices fluctuating between $86,003.71 and $88,839.22 over the past 24 hours while hovering near $87,933.88 at press time. Moreover, trading activity surged during the pullback as volume jumped by 188.96% to $47.4 billion, reflecting aggressive repositioning amid persistent weakness.
According to Brandt, recent price action suggests the current phase of the bear channel may be complete, a condition that often precedes extended consolidation or renewed downside pressure. Significantly, Brandt emphasized that failure to clear $93,000 could allow the bearish structure to persist, while a sustained move above that level would invalidate the current chart outlook and ease selling pressure.
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ETF withdrawals add to downside pressure
Additionally, stress has intensified within the Bitcoin exchange-traded funds market, with products recording steady outflows for five consecutive days. These withdrawals signal reduced institutional exposure and have contributed to broader market caution. Furthermore, traders are watching Bitcoin’s monthly performance closely as current conditions raise the risk of another negative close. Such an outcome would mark four consecutive monthly declines, a pattern last observed during the 2018 downturn.
The broader decline began after Bitcoin reached its all-time high of $126,198.07 in October 2025 and has since gathered momentum. Since then, the asset has slipped below the $100,000 psychological level for weeks, reshaping near-term market sentiment.
Despite the cautious technical outlook, some prominent figures remain unfazed by the ongoing volatility. Robert Kiyosaki maintains that Bitcoin’s price swings do not alter his long-term stance, citing rising United States debt and weakening dollar purchasing power as supportive factors.
Bitcoin continues to face mounting pressure as technical signals and market flows align defensively, keeping traders on edge. Peter Brandt has identified $93,000 as the decisive threshold for any shift in trend, with caution and elevated volume persisting until that level is reclaimed.
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