Why Bitcoin Stalls: Weak Spot Demand & The Need for Stability

Bitcoin (BTC) struggled to overcome a key resistance level last week, briefly reaching around $93,300 before falling back below $85,000 on Monday. While this price action highlights the ongoing market uncertainty, the reasons behind Bitcoin’s stagnation are multifaceted and offer insight into its future trajectory. 4 0 The inability to break above $93,000 invalidated a potential bullish trend reversal. Without fresh spot demand from buyers, Bitcoin is likely to remain trapped within a tight range between $80,600 and $96,000 before one of those levels is tested again.