Bitcoin Holds $92,000 Structural Support, Fuels Upside Potential
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Momentum Strong: Bitcoin is trading near $92,000, indicating strong support rather than distribution, suggesting the market is digesting recent gains instead of aggressively distributing.
- Momentum Indicators Rebound: The Moving Average Convergence Divergence indicator has started to curl upward again after a shallow reset, signaling that bearish momentum is fading, and this recovery is occurring without excessive volume spikes, reflecting controlled accumulation rather than speculative excess.
- Options Market Signals: Total Bitcoin options open interest remains elevated, highlighting sustained participation from larger players, with call options outweighing puts, indicating that expectations for higher prices remain dominant.
- Dominance Key Point: Bitcoin dominance is sitting on a rising trend line that has historically acted as a decision point for market direction, and if this support holds, momentum can expand rapidly; if it fails, capital may rotate into altcoins, altering market leadership dynamics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
