#GT# Bitcoin price is facing pressure at 94,000 Dollar, while the resistance at 97,000 Dollar prevents reaching new high levels.

Bitcoin trading continues, and buying activity supports the current range.
The price did not break the level of 97000 Dollar, which served as a wall during all recent upward movements.
The volume is increasing at the $94,000 area where previous trades have formed a base that could hold if demand returns.
The price of Bitcoin is still #BTC# BTC #XRP# above the level of 94,000 US Dollar, as the one-hour chart on the Binance platform shows stability within a narrow support range. The area between 93,000 and 94,400 US Dollar has become a high-volume trading zone, reflecting intense participation. This structure may determine whether the price will drop or recover in the short term. Crucial for determining the price direction.
On May 7, 2025, the BTC/USDT pair continued trading near a historical reactive price range, which is shown in the one-hour trading volume chart. The area marked in the box between 93,200 and 94,200 Dollars indicates a previous accumulation zone. This level has formed a minimum and resistance over the past ten days.
The trading volume on the right side of the chart shows increasing interest from buyers around 94,000 Dollar. This range has consistently absorbed downward pressure since April 23. The chart shows several wicks piercing this area, with quick recoveries above 94,000 Dollar, indicating strong demand.
Trading activity peaked during the decline on May 5, but the buying volume quickly returned to its lowest levels. The bounce in price from the $93,000 to $94,700 area reinforces its significance. With the price stabilizing in this region again, many expect a larger movement based on shifts in order flow.
Resistance at the level of 97 thousand Dollar is still unbreakable.
Since reaching its local high near 97,800 Dollar on May 1, Bitcoin has failed to maintain its upward momentum beyond the 97,000 Dollar area. Several rejection wicks have appeared at the highest resistance levels between 96,900 and 97,500 Dollar. Each rejection has been followed by a sharp increase in trading volume and quick pullbacks.
Resistance ranges have been defined above the current price through previous breakdowns and liquidity sweeps. The chart reflects multiple attempts to reclaim this level, all of which failed between May 2 and May 4. These repeated failures indicate that sellers are maintaining their control above $97,000.