Bitcoin Price Action: Return to the Yearly Open
Bitcoin has retraced its recent advance, giving back all gains made earlier in 2026 and returning to the yearly open level.
Key price areas:
Resistance: The move was rejected near $97,900, around the prior +12% peak.
Support: Price has tested the yearly open near $87,500.
Market context:
The sharp pullback has reset year-to-date performance. Despite the volatility, the broader technical structure remains intact. Moves like this often occur during periods of deleveraging, where excess leverage is cleared before the market establishes its next direction.
