Will Bitcoin break the new high or will it fall below the $93,000 support band under $9?

• For further growth in Bitcoin, we need to hold support at 93.89K and $87.6K.
• Keeping the support band at $93K and $87.6K shows bullish momentum.
• If Bitcoin remains at $93,000 and above 87.6K, its prices could rise in the future.

Since early 2020, Bitcoin has gathered quite a bit, steadily rising from around $7,200 to over $60,000 by early 2025. The main price levels offered by BTCBMSB, the simple 20-week moving average and the 21-week exponent moving average, had strong support for normal upward movement. In this respect, $93,890 stands for 20-week SMA, and a 21-week EMA is slightly lower than $87,600.

Support levels are extremely important for Bitcoin’s continued growth

Bitcoin prices have been dancing very closely to the BMSB for several years. The BMSB levels, especially the 20-week SMA and the 21-week EMA, are essentially strong floors under the price of Bitcoin, and continue to push further upwards. By the time prices approached the low end of BMSB in mid-2023, both measures supported Bitcoin against the decline, sparking new bullish momentum. With the proximity of 20 weeks of SMA and 21 weeks of EMA, Bitcoin provided the above reliable range, further enforcing the view that these support bands are important for supporting Bitcoin in the long-term strength of Bitcoin in the market.

The data presented on the chart shows that the support band works. Every time the Bitcoin price was traded near or under the BMSB, it bounced back immediately. $93.89K is a 20-week SMA and a 21-week EMA is $87.6K. Price actions below these two markers on the Bitcoin chart mean bulls are at risk. For now, at least for now, if there is an up or future support band, the price action for the next few months could move up and down a bit, but even if the market economy and disruption put a major blockage in this scenario, it still remains at prices above the aforementioned levels.

BMSB: Precursors for predicting the future of Bitcoin

Until 2025, BMSB factors will maintain maximum consideration when forecasting Bitcoin price. Therefore, BMSB plays a key role in keeping Bitcoin price forecasts strong. More bullish expansion is expected if Bitcoin maintains the 20-week SMA of $93.89k and the 21-week EMA of $87.6K support level. If the price falls below these support bands, it suggests that a bearish reversal from the bullish movement or more substantial corrections could be possible. Given this fact, if prices exceed these major support levels, they are likely to reach a higher price.