Bitcoin Flat at $89,000, but Charts Warn Buyers Are Losing Ground
Bitcoin price has barely moved over the past 24 hours. BTC is trading flat near $89,500, even as weekly losses still sit close to 6%. On the surface, this looks like calm consolidation. Underneath, charts suggest something else.
Multiple technical and on-chain signals now point to a standoff. Buyers are trying to delay a larger breakdown, not push a fresh rally. The risk is building quietly, and a lesser-known adversary is starting to matter.
Doji-Like Candles and EMA Loss Show BTC Buyers Defending, Not Advancing
Over the past three daily sessions, Bitcoin has printed doji-like candles with thin bodies and long wicks. These candles reflect hesitation, not balance. Sellers are pressing lower, buyers are stepping in late, and neither side is gaining control.
This behavior is appearing right at the lower boundary of a rising wedge. An increasing wedge slopes upward but tightens price action, often breaking down when support gives way.
If this structure fails, the measured downside projection points toward $77,300, a potential 13% drop from current levels
