Bitcoin has shown strength on Monday morning, surging past $90,000, offering short-term optimism after weeks of pressure.

However, the world’s largest cryptocurrency continues to face macroeconomic uncertainty, leaving analysts divided on whether the move can develop into a sustained rebound.

Bitcoin found support above the $85,500 zone and began a recovery wave, climbing past $88,000 before breaking $90,000.

According to the TradingView chart, Bitcoin hit an intraday high of 90,143.

The move carried BTC almost to the Fibonacci retracement level of 90,883.

The price is now trading above $89,942 and the 100-hourly simple moving average, a short-term positive signal.

Currently, Bitcoin has potential upside targets at $90,200 and $90,500. Beyond that, bulls may test higher resistance zones near $91,500 and $92,000.

Technical indicators are cautiously supportive: the hourly MACD is gaining momentum in bullish territory, while the hourly RSI has moved above the 50 level.

The token has immediate support at $88,000, with stronger buying interest expected around $87,250.

Below that, the next key support lies near $86,500.

A deeper decline could push Bitcoin back toward $85,500, while a break below the $84,500 level may accelerate losses in the near term.

These levels are closely watched as BTC continues to trade below its 365-day moving average, a critical long-term support indicator.

Bitcoin has remained under this moving average since November, marking a break in the structural uptrend that began in 2023.

Beyond short-term price action, Bitcoin is facing significant year-end pressure.

The annual BTCUSD candle is set to close in the red unless Bitcoin can rise more than 3.5% above its yearly open of roughly $93,374.

Market commentators have noted that failure to do so would mark the first post-halving year to close negatively.

Bitcoin reached an all-time high above $125,000 in October, but a sharp market-wide correction soon followed.

Since that peak, BTC has fallen by around 30%, forming a local bottom near $80,000 in November.

This decline has fueled debate over whether the broader bull market has ended or if the move represents a prolonged correction.

Macro factors remain central to the discussion.

Lower interest rates typically support risk-on assets such as cryptocurrencies, but expectations for further easing have weakened.

The US Federal Reserve delivered three 25 basis point rate cuts in 2025, yet Chair Jerome Powell’s comments at the December FOMC meeting suggested caution ahead.

According to CME Group’s FedWatch tool, only 18.8% of investors expect a rate cut at the January meeting.

As Bitcoin attempts to stay above $90,000, traders remain focused on key resistance levels and central bank policy signals, both of which are likely to shape price direction into 2026.

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