Bitcoin remained close to $89,000 on Monday, trading within a narrow range while the overall crypto market continued to decline. The global crypto market capitalization fell to $3.01 trillion.
Compared to the beginning of the month, trading volume has slowed. Recent price movements have also been small, and the market has yet to show a clear direction. This lack of momentum has kept BTC below key resistance levels and prevented a strong recovery.
Bitcoin has repeatedly struggled to break through the $92,000-$93,000 resistance zone. Every time the price attempts to rise, sellers enter and push the price back down, indicating that the market is still facing pressure from profit-taking and derivative unwinding. Until this resistance zone is truly broken, analysts say the upward momentum is likely to remain limited.
On the downside, support between $86,000 and $88,000 continues to be the main buffer for prices. Experts are watching this area closely as a clear break below it could trigger fresh selling and possibly push Bitcoin to the lower $80,000 range. For now, buyers are still managing to hold this zone, keeping the market moving sideways.
Major altcoins like Ethereum, BNB, Solana, and XRP are also experiencing declines, reflecting Bitcoin's calm trading pattern. The market's average RSI, which is around 39, indicates mild oversold pressure but is not yet sufficient to confirm a reversal. The market appears to be waiting for new economic signals or strong capital inflows that could shift the momentum.
Until a breakout occurs from this narrow range, Bitcoin is expected to continue moving sideways. A move above $92,000 would be the first sign of strength, while a decline below $86,000 could confirm further weakness.
