📉 Bitcoin continues to experience pressure, trading below the $90,000 support level.

After correcting from $92,500, $BTC is now attempting to recover but will face resistance in the $90,500 zone. Currently, the price is oscillating below $90,000 and the 100-hour simple moving average.

If bulls manage to hold above $90,500, this could lead to further growth. Immediate resistance is observed at $90,000, with key resistance at $90,500. If this level is successfully broken, Bitcoin could test the $92,000 level.

However, if the price fails to rise above $90,500, another decline is possible. Immediate support is around $88,550, with major support at $85,000.

Technical indicators show that MACD is gaining strength in the bullish zone, while RSI is above 50.

BTCUSDT

Perp

85,781.8

-3.37%