Bitcoin Holds Near $90K as Key Support Faces Test After Rejection From $95K
Bitcoin is trading around the $90K area after a rejection near $95K, with price action shaped by geopolitical tensions and shifting risk sentiment. On higher timeframes, BTC has broken out of a descending channel following accumulation near $80K, while shorter-term charts show a rising wedge pointing back toward $90K support and possibly $88K if it fails. Market indicators suggest mixed sentiment, with negative Coinbase Premium and soft spot demand, but derivatives positioning remains relatively stable.