Bitcoin is currently correcting higher from the $3,906 swing low against the US Dollar. BTC is now forming a crucial breakout pattern, which is likely to decide the next move.
Bitcoin price seems to be facing a lot of hurdles on the upside near $5,500 and $5,950.
The price is now trading well below $6,500 pivot area and the 100 simple moving average (4-hours).
There is a crucial contracting triangle forming with resistance near $5,350 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could either recover towards the $6,500 resistance area or it might start a fresh decline.
Bitcoin is Facing Hurdles
This past week, bitcoin saw a strong decline below the $6,000 and $5,000 levels against the US Dollar. BTC price even spiked below the $4,200 support level and settled well below the 100 simple moving average (4-hours).
A new multi-month low is formed near the $3,906 level and the price is currently correcting higher. It recovered losses and climbed above the $4,500 and $5,000 resistance levels. Besides, there was a break above the 23.6% Fib retracement level of the key drop from the $7,974 high to $3,906 low.
Bitcoin bulls were able to push the price above the $5,500 resistance level. However, the $6,000 resistance area acted as a strong barrier for the bulls. The 50% Fib retracement level of the key drop from the $7,974 high to $3,906 low is also acting as a key resistance.
Bitcoin Price
At the moment, there is a crucial contracting triangle forming with resistance near $5,350 on the 4-hours chart of the BTC/USD pair. If the pair breaks the triangle resistance, it could revisit the $6,000 resistance area.
The main resistance is waiting near the $6,450 and $6,500 levels. There is also a connecting bearish trend line forming with resistance near $6,450 on the same chart.
To start a fresh increase and a convincing recovery, the price must surpass the $6,000 resistance and then gain pace above the $6,500 barrier.
More Downsides?
If bitcoin price fails to climb above $5,500 or $6,000, there is a risk of another bearish break. A clear move below the $5,000 and $4,850 levels is likely to open the doors for more losses.
An initial support is near the $4,200 level, below which the price might retest $4,000. Any further losses could set the pace for a move towards the $3,600 level.
Technical indicators
4 hours MACD – The MACD for BTC/USD is about to move back into the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently just above the 30 level.
Major Support Level – $4,850
Major Resistance Level – $6,000 origin »
Bitcoin is starting the year with strength, but not without turbulence. After briefly dipping below $92,000 yesterday, the BTC price quickly reclaimed that level and turned it back into short-term support.
Bitcoin had a strong start to 2026. The initial days were filled with supportive market actions such as stable price movements, good demand in the spot markets, and no indication of panic selling.
Bitcoin price surged into the new year, supported by renewed optimism and strong spot ETF inflows. The crypto king pushed higher despite geopolitical tension following the US strike on Venezuela.
The price of Bitcoin seems to be positioning for a renewed bullish phase following its positive start to the new year. The premier cryptocurrency closed 2025 with a range-bound price performance, recording no significant movement in the past month of December.
Bitcoin Magazine
Bitcoin Price Struggled in 2025, but Long-Term Lows Show a Strong and Rising Floor
The bitcoin price's 2025 price swung above $125,000 before falling to around $87,000, reflecting a shift from speculative rallies to macro-driven market forces.
Bitcoin Magazine
Bitcoin Price Struggles to Break $90,000 as One-Month Battle Continues
The bitcoin price continued to swing around the $90,000 level during thin holiday trading, rising and falling in sharp moves that lacked any volume needed for a sustained breakout.
The Bitcoin price rose to above $90,200 on Monday. Bulls failed to hold onto gains, and the price dropped to $86,717. Bulls are looking to strengthen as analysts point to continued. It’s been a difficult last few weeks of 2025 for crypto, and Bitcoin (BTC) showed that this will likely continue into early 2026 as […]
The post Bitcoin price consolidates near $87K as downside risk persist appeared first on CoinJournal.
Since the short squeeze in mid-December, Bitcoin has yet to make any significant price gain, facing multiple rejections at the $90,000 price zone. The maiden cryptocurrency is presently consolidating within the $87,000, while investors patiently anticipate a clear market direction.
Crypto chartist Ali Martinez has pointed out a potential downtrend on the Bitcoin price chart. According to him, the price of Bitcoin could dump to $40k based on a historical pattern. In other news, investors are jumping ship to DeepSnitch AI.
Bitcoin has continued to trend lower on the back of selling pressure building across the market. In fact, the world's largest cryptocurrency is now well off its all-time high of close to $126k, with BThe post Bitcoin - All about the liquidity signals that are hinting at a price recovery in 2026 appeared first on AMBCrypto.
Bitcoin Magazine
Bitcoin Price Struggles at $90,000 as Christmas Trading Looms
The bitcoin price briefly climbed above $90,000 after rising from $88,000 during Asian and European hours, before retreating toward $88,000 again during U.
Bitcoin price recently climbed above $90,000, hinting at a possible recovery, but there are still concerns that the rally may not last.
The post Bitcoin Price Reclaims $90,000, Is This Dead Cat Bounce? appeared first on Coinspeaker.
Bitcoin is trading around $88,000, well below its recent all-time high near $124,000. While price has stabilized after the sharp pullback, on-chain data suggests the market may not be out of the woods yet.
Although the Bitcoin price has recently displayed swift recovery to the upside, the broader picture still mirrors a bleak future for the flagship cryptocurrency. A new on-chain evaluation has surfaced, which suggests that Bitcoin’s recent price recovery could be happening within a broader, weak trend, with macroeconomic factors acting as the major influences.
Bitcoin Magazine
Bitcoin Price Crashes to $84,000 – Is $70,000 Next?
The bitcoin price experienced two more aggressive dumps today, now trading near $84,500.
This post Bitcoin Price Crashes to $84,000 – Is $70,000 Next? first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
As the market volatility heats up again, the price of Bitcoin witnessed a pullback, bringing it closer to the $90,000 threshold. While BTC’s price faces a pullback, key on-chain metrics are beginning to follow suit, reaching levels that could shape or determine the next trajectory of the market.
Bitcoin Magazine
Bitcoin Price Forecast Tools and Cycle Valuation Metrics
This One Chart Has Never Missed a Bitcoin Price Top or Bottom in 15 Years
This post Bitcoin Price Forecast Tools and Cycle Valuation Metrics first appeared on Bitcoin Magazine and is written by Matt Crosby.
Bitcoin Magazine
Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts
The bitcoin price fell on Wednesday night into Thursday, falling from $94,000 to below $90,000.
This post Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin (BTC) is trading in a narrow range between $92,000 and $94,000, a zone that could dictate whether the cryptocurrency rallies toward $100,000 or retraces to around $90,000.
When Strategy disclosed its acquisition of more than 10,000 Bitcoin worth $1 billion, market watchers anticipated an immediate rally. Instead, Bitcoin’s price barely moved. The muted response was not a reflection of weak demand but the result of how the purchase was executed.
Bitcoin Magazine
Bitcoin Price Skyrockets to $94,000 as Banks Start to Embrace Bitcoin
The bitcoin price is pumping this morning, currently trading above $94,000.
This post Bitcoin Price Skyrockets to $94,000 as Banks Start to Embrace Bitcoin first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin exchange reserves plummet as 20,000 BTC leaves exchange in one week, indicating major shift towards self-custody, potential supply squeeze in 2026.
Best crypto to invest in narratives strengthen as $32B flows into US crypto ETFs despite a year-end pullback. DeepSnitch AI continues gaining traction as it passes $1M.
South Korea has jailed a CEX employee for Bitcoin ($BTC) bribery and espionage linked to North Korea which highlights strict stance on crypto-related crimes.
