1-8
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.
BTC
BTC+0.27%
1-8
1-6
Bitcoin Reclaims $93K as Bulls Target $95K Resistance and Eye Potential $100K Move
Bitcoin has rebounded above $93K after a sharp bounce from the $80K demand zone, with price now testing the key $93K–$95K resistance area. On the daily and 4-hour charts, BTC is trading inside an ascending structure, while RSI above 60 and reduced liquidation pressure suggest improving bullish momentum. As long as support near $87K holds and futures funding stays neutral, traders are watching for a breakout that could open a path toward the $100K psychological level.
BTC
BTC+0.27%
1-6