Bitcoin Targets $93K–$97K Dip Before $115K Rebound, Chart Reveals

Bitcoin chart signals a $93K–$97K liquidity zone that could mark the final dip before a rally to $115K.

The confluence of Fibonacci 1.618 and POC levels forms a high-probability reversal area with clustered volume support.

Analysts expect a sharp recovery toward $110K–$115K if Bitcoin confirms a breakout from the current falling wedge.

Bitcoin’s price could dip to the $93,000–$97,000 range before a sharp rebound toward $110,000–$115,000, according to a new chart analysis shared by CryptoBullet. The 3-day chart shows strong liquidity below June’s low, with a critical support confluence near the point of control (POC) and the 1.618 Fibonacci extension. Analysts suggest this area could trigger the next large bounce, marking a potential setup for traders eyeing a mid-term reversal.

The chart identifies June’s low as a liquidity magnet, suggesting Bitcoin may revisit this zone to reset leveraged positions before recovering. The pattern features a descending wedge formation, often associated with trend reversals once a breakout occurs. The projected path shows a decline into support followed by a relief rally targeting the mid-$110K zone.

Source: Bitcoin Chart (X)

CryptoBullet highlighted the overlap between POC and Fibonacci support as a critical technical juncture. Historically, these confluences have led to significant reversals when accompanied by strong market liquidity, adding weight to the forecasted recovery scenario.

Fibonacci Zone Signals Potential Reversal Setup

The 1.618 Fibonacci extension, plotted from the prior wave structure, aligns near the $96,000 zone — a historically reactive level during market corrections. This overlap between Fibonacci support and high-volume nodes indicates that traders may find entry opportunities during a final liquidity sweep before momentum shifts upward.

The chart’s visible range profile (FRVP) further supports this scenario, showing clustered volume accumulation between $94,000 and $98,000. Analysts describe this region as a “trap zone” that often absorbs selling pressure before a price reversal. Should Bitcoin confirm a rebound at this level, it may regain strength and reenter its larger bullish channel.

In previous cycles, Bitcoin exhibited similar corrective moves followed by sharp recoveries once liquidity was exhausted below key structural supports. The upcoming sessions could mirror this behavior if buyers step in at the projected Fibonacci intersection.

Relief Rally Could Test $110K–$115K Targets

If Bitcoin confirms a bounce near $93K–$97K, the relief rally may push prices toward the $110K–$115K range. This recovery would align with the upper resistance channel drawn in the projection, marking a potential 15%–20% upward move from the support base. Traders watching for confirmation will likely focus on volume spikes and bullish divergences on mid-timeframe indicators.

The chart’s longer-term projection also hints at possible consolidation after the rally, potentially setting up for another corrective wave in 2026. Such behavior would align with previous macro patterns, where relief rallies were followed by extended accumulation periods before the next expansion cycle.