Bitcoin at the daily target: what comes after 93,092?This analysis is based on the Initiative Analysis (IA) method.
Hello traders and investors!
On the daily timeframe, Bitcoin has formed another confident buyer absorption — and this absorption was simultaneously a manipulation (a false breakout) of the 86,116 level.
Notably, the seller’s candle appeared with increased volume, and the subsequent absorption created a new buyer zone.
The buyer target within the current range — 93,092 — is almost reached.
Given the strength of buyer initiative, further movement toward 94,000 or even 97,000 cannot be ruled out.
However, once the price reaches 93,092, it is reasonable to expect seller initiative.
This is classic market behavior near a target: some buyers take profit while sellers get an opportunity to step in.
Wishing you profitable trades!
