Bitcoin Updates: The $93k-$97k Battle—Institutions Remain Bullish Amid Geopolitical and Technical Headwinds

Bitcoin’s latest price movements have heightened the contest for dominance within the $93,000 to $97,000 support range, as traders monitor whether institutional investments and technical signals can halt the ongoing decline. After challenging a significant resistance point near $106,500,

(BTC) pulled back and stabilized close to $105,000, while have dampened short-term confidence.

There was a slight uptick in institutional interest, as U.S.-listed spot Bitcoin ETFs attracted $1.15 million on Monday, following a previous week that saw $1.22 billion in outflows

. Although modest, this reversal suggests some stabilization. According to Glassnode, Bitcoin appears to have near $100,000, supported by a 3% bounce to $106,453 and a jump in spot trading volume to $14.1 billion, indicating renewed buying interest. Nevertheless, broader economic challenges, such as ongoing declines in profitability, continue to limit bullish sentiment.

Technically, the outlook remains uncertain. A strong close above $106,500 could fuel further recovery, but failing to maintain this level could prompt another test of the 50% Fibonacci retracement at $100,353. On the downside, the $97,000 to $93,000 area has become a key zone, with

and the Traders’ minimum price band at $72,000 identified as potential capitulation points. The weekly Relative Strength Index (RSI) is at 41, below the neutral mark of 50, while adds to expectations of ongoing selling pressure.

Geopolitical issues have further increased market uncertainty. China has accused the U.S. of seizing 127,000 BTC—valued at $13 billion—from its LuBian mining pool in 2020, labeling it a “state hack.” The U.S. responded by stating the assets were tied to Cambodia’s Huione Group.

, fueling concerns about renewed regulatory confrontations and heightened volatility.

At the same time, altcoins have reflected Bitcoin’s challenges.

to $975, with increased trading activity pointing to significant selling. Experts noted that while short-term fluctuations remain, BNB’s future depends on its network infrastructure and on-chain applications.

The institutional environment is still mixed. Some analysts interpret the current pullback as a mid-cycle pause—similar to previous turning points in 2024 and 2025—while others caution about deeper risks.

remained profitable at $100,000, which is encouraging, but emphasized the importance of renewed interest from both institutional and retail participants.

As Bitcoin faces this pivotal moment, investors are preparing for a test of resilience. The next few weeks will be crucial in determining whether the $93,000 to $97,000 range can serve as a solid base or if a more extended decline is ahead.