Key Insights:
- Bitcoin defends the $90K support zone with multiple bounces, signaling potential near-term strength.
- Technical charts show bullish MACD crossover and hidden divergence, hinting at continued upward movement.
- Weekly RSI breakout mirrors past rally setup, pointing toward a possible test of $92K resistance.
Bitcoin (BTC)was priced at $91,420.03. Over the last 24 hours, the price has moved up by 0.13%. Over the past 7 days, it has gained 2.13%.
The price continues to trade above a key support area between $89,800 and $90,300. This zone had acted as resistance before and is now working as a base. Recent price action shows several bounces off this level, which may suggest that buyers are active.
A chart shared by Kamran Asghar shows the same range being tested again. He noted that BTC is “holding strong in the key support zone,” and suggested a move toward $92,000 could follow.
Still, the chart also shows lower highs forming. That usually means momentum is slowing down. There is also a projected move drawn toward the $86,800 zone, in case support breaks.
Technical Indicators Show Rebound Potential
On the 3-day chart, a hidden bullish divergence has formed. The price is making higher lows, while the MACD is showing lower lows. This pattern often appears during corrections in an upward trend.
Analyst Javon Marks pointed out that the MACD has also made a bullish crossover. This can sometimes come before the price starts to rise. He noted,
“This move can take prices to and above the current All Time Highs at $126,219.03.”
That would be more than 37% above current levels.
The chart also includes a large upward arrow, showing a possible breakout path if momentum continues in the same direction. No breakdown has occurred yet.
Weekly RSI Breakout May Signal Strength
On the weekly timeframe, the RSI has broken out of a 3-month downtrend. This is a shift from how the RSI was moving for several weeks.
BitBull, who posted the chart, said BTC’s RSI is “calling for more upside.” The breakout level is still holding. That could mean strength is building, though it depends on how price reacts in the coming sessions.
A similar RSI move happened in 2025. Back then, the breakout came just before a long price rally. The structure on the current chart looks similar to that past move.
All Eyes on $92K as Next Level
With Bitcoin holding above $91,000, traders are now watching $92,000. This is the next area where price could meet resistance.
If BTC moves past $92K, it could test higher levels in the short term. But if it falls below current support, the $87K range may come into play. For now, momentum shows early signs of recovery, and charts across multiple timeframes suggest a possible move higher.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
