Bitcoin News Today: Bitcoin Holds $94K Level: Bulls Struggle to Defend Amid Rising Bearish Outflows

Bitcoin experts are keeping a close eye on the $94,000 support zone as the crypto market faces heightened turbulence, fueled by conflicting signals from institutional investors, global economic uncertainty, and varying trends among leading cryptocurrencies. After briefly climbing above $104,000 earlier this week

, (BTC) has since dropped to $95,900, marking its lowest point in six months , highlighting the fragile mood among investors amid ETF withdrawals and ongoing geopolitical challenges.

Recent price swings highlight the ongoing struggle between bullish and bearish market forces. Institutional interest in Bitcoin has shown sporadic strength, with U.S.-listed spot ETFs

on Tuesday, only to reverse with $866 million in outflows by Thursday . This instability has left market watchers uncertain about whether the crucial $100,000 mark—both psychologically and technically—will be maintained. "Institutional appetite for Bitcoin is returning, but the market remains highly reactive to macroeconomic headlines," commented QCP Capital, around the outcome of the U.S. government shutdown.

Overall, the market remains on shaky ground. The conclusion of the 43-day government shutdown

in Bitcoin ETFs, even though traditional risk assets like the S&P 500 and gold saw gains. At the same time, (ETH) and continue to lag behind, with ETH ETFs on Tuesday and to $3.78 billion, indicating declining confidence among retail investors.

Technical signals add further complexity to the situation. On the four-hour chart, Bitcoin’s relative strength index (RSI) shows a “bullish divergence,” , though the broader trend remains negative. The recent capitulation phase, and $622.7 million in ETF outflows, has resulted in $920 million in liquidations, with . Experts caution that unless Bitcoin can break and hold above $107,000—a significant resistance point—it may be vulnerable to further declines .

Despite the prevailing

, some investors remain hopeful. Blockchain analytics company LCPC AI in decentralized finance (DeFi) and crypto infrastructure powered by AI, while RockToken has launched structured investment products aimed at attracting long-term investors looking for stable returns . Michael Saylor of MicroStrategy also reiterated his optimistic outlook, of Bitcoin sales and forecasting that the cryptocurrency will outperform both gold and the S&P 500 by the end of the year.

Nevertheless, macroeconomic threats linger. The restart of U.S. government activities may bring a flood of economic reports—from job numbers to inflation data—that could add more volatility

. “Markets will remain sensitive to any procedural issues or delays in the House vote,” QCP Capital warned , stressing that deeper fiscal challenges are still unresolved.

The next few days will be pivotal for Bitcoin’s direction. A decisive move above $107,000 could restore bullish sentiment, while a drop below $94,000 might trigger renewed selling. As one trader put it,

, “Until then, it’s best to keep positions light, liquid, and easy to hedge.”