2026-01-09 07:27:00

Bitcoin rebounds after it retests key support zone around $90,000.

Bitcoin price rejected the 61.8% Fibonacci retracement level (from the April low of $74,508 to October's all-time high of $126,199) at $94,253 on Tuesday. It declined nearly 3% over the next two days, retesting the previously broken upper consolidation zone at $90,000. As of Friday, BTC trades slightly above this support zone at $91,400.
If the $90,000 support holds, BTC could extend the recovery toward the key resistance level at $94,253.
The Relative Strength Index (RSI) on the daily chart reads 54, above the neutral level of 50, indicating slight bullish momentum. Moreover, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, which remains intact, supporting the bullish view.
However, if $BTC continues its pullback and closes below $90,000 on a daily basis, it could extend the decline toward the next support level at $85,569.

BTC3,47%

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