Bitcoin Price Forecast: What’s Next for BTC if Support at $90K Falls?
An analysis of Bitcoin's price movements suggests it remains trapped in a consolidation phase as it tests crucial support levels.
Bitcoin Price Forecast: What’s Next for BTC if Support at $90K Falls?
Recently, Bitcoin has been fluctuating following an unsuccessful attempt to surpass the mid-$90,000 range, drifting back into a broader consolidation phase since November’s sharp sell-off. This cooling momentum indicates a lack of robust market participation.
Current Market Structure
The market seems to be characterized by a range-bound trend with some bearish bias. Support levels are currently being evaluated rather than an emergence of a new upward trend.
Daily Analysis
On the daily chart, Bitcoin faced resistance in the range of $95,000 to $97,000 correlating with the declining 100-day moving average. This situation has reverted prices towards the $90,000 mark, which is significant as it overlaps with both the lower boundary of a recently formed channel and the origin of the latest price rally. If the $88,000-$90,000 region is maintained, there’s potential for a higher-low scenario; however, a close below this zone could lead to deeper declines near the $80,000 support area.
Bitcoin Daily Chart
4-Hour Market Chart
Analyzing the 4-hour chart reveals that the price has nearly breached the rising channel barrier that has governed the movement from approximately $82,000. Currently, this area of $90,000 is being retested after a brief drop below it. The RSI indicates a recovery from oversold levels, suggesting a rebound; sustained movement above $90,000 may revert prices towards $95,000. Nonetheless, consecutive failures to maintain this level or a descent below $90,000 would indicate potential control by the sellers.
BTC/USDT 4-Hour Chart
On-Chain Data Insights
Furthermore, active address data is showing decreasing network engagement since early 2025, despite Bitcoin remaining around the $90,000 threshold. This trend hints that the recent price holds have been primarily propelled by existing stakeholders rather than new interest, which is critical as it suggests we are potentially in a late-stage rally or a corrective pattern. Long-term investors should prioritize capital preservation and response to market levels carefully.
Active Addresses Over Time
Conclusion
Right now, the conditions point to a cautious approach, with a strong emphasis on navigating support and resistance levels, instead of chasing trends aggressively. Preserving capital remains paramount as the market continues to exhibit volatility.
