Bitcoin has been rejected at the $93,500 resistance level, a key point in its recent price action, and is now testing the $90,500 support level. This support level, which previously acted as resistance from November to December 2025, is crucial for determining Bitcoin's next price direction. Analyst Rekt Capital notes that the failure to break past $93,500 aligns with a multi-week downtrend, indicating insufficient buying pressure. The focus now shifts to whether Bitcoin can maintain the $90,500 support, which could influence its price trajectory in early 2026. A successful hold could signal a potential recovery, while failure might lead to further declines.