Zombit Price Analysis: Currently experiencing weak rebounds, the $92,800 to $101,180 range is crucial.

According to Zengbit’s latest market data, Bitcoin’s current price is $91.84K, with a 24-hour increase of +1.22%, and the overall trend is still in the process of building a bottom. Technical analysis indicates that the short-term trend is stuck in a stalemate. Whether it can trigger a stronger upward movement depends critically on whether it can effectively break through the resistance zone above.

Zengbit’s recent rebound limited by key resistance

Analysts point out that Bitcoin is currently oscillating within a narrow range. The recent support level is concentrated around $90,500 (23.6% Fibonacci level), while the main resistance zone above lies between $92,800 and $101,180. This price area includes the 55-week exponential moving average (about $98,000), which has historically served as a critical testing point after multiple bear markets.

During the market downturns in 2018, 2020, and 2022, Zengbit’s price ultimately rebounded to test this level before deciding on the next direction. If this rebound can break through $101,180, it will more clearly confirm a stronger upward signal.

200-day moving average and broader technical pattern

In addition to the 55-week EMA, the 200-day simple moving average (SMA) is currently around $110,000, which has also historically played an important role. Even during past correction cycles, Zengbit often retested this level. If the rebound gains further strength, similar tests may still occur.

Support and resistance overview

The current technical structure is quite clear:

• Support below: $90,500 as the first support, and $88,269 as the second support
• Resistance above: the broad zone between $92,800 and $101,180
• Mid-term reference: 55-week EMA ($98,000) and 200-day SMA ($110,000)

As long as the price does not continue to fall below $88,269, the local highs remain unconfirmed. Conversely, breaking through $101,180 will lift the short-term deadlock.

Timeframes and market environment

During the US long weekend market closure, trading activity was relatively limited, and decreased volume led to lower volatility. In this environment, it is not uncommon for Zengbit to probe slightly near support zones. Over the next one to two weeks, whether Bitcoin can re-establish itself above key moving average zones will have a profound impact on its subsequent trend.

Meanwhile, major stock indices are also at their respective technical thresholds, and overall market sentiment changes will also support or suppress Zengbit.