BTCUSD | Technical Outlook
Market Structure
BTCUSD is currently trading within a sideways-to-recovery phase following a sharp bearish impulse seen earlier on higher timeframes. After the strong selloff from the $94,000 – $96,000 region, price found a base near $86,000 – $87,000, where buyers stepped in and halted further downside.
Recent price action shows gradual stabilization and higher lows on intraday charts, suggesting short-term bullish momentum is attempting to build, though the broader daily structure remains corrective.
Key Resistance Zone
The nearest resistance is located at $88,700 – $89,500, a zone marked by repeated intraday rejections and prior breakdown structure. This area is likely to attract selling pressure on any continued rebound.
Additional resistance levels:
• $90,000 – $90,500 (psychological and structural barrier)
• $92,000 (major bearish rejection zone from prior highs)
As long as BTC trades below $90,000, upside moves remain corrective within a broader consolidation.
Key Support Zone
Immediate support is holding around $87,000 – $87,500, where price is currently consolidating above short-term moving averages.
A break below this support would expose lower downside levels:
• $85,300 – $85,500
• $83,500 – $84,000 (major structural support)
Failure to hold above $83,500 would signal a renewed bearish continuation on higher timeframes.
Expectations
Bullish Scenario (Primary)
If Bitcoin holds above $87,000 and maintains higher lows, price could extend toward $88,700 – $89,500.
A clean break above $90,000 would strengthen bullish momentum and open the door toward $92,000.
Bearish Scenario (Alternative)
A rejection from the $88,700 – $89,500 resistance zone, followed by a break below $87,000, would likely shift momentum back to the downside, targeting $85,500 and potentially $83,500.
Outlook
Bitcoin is currently in a consolidation-to-recovery phase, with short-term bullish momentum building above key support. However, the broader structure remains cautious below $90,000, and price must reclaim this level to confirm a stronger bullish reversal. Until then, BTC is likely to remain range-bound with volatility driven by reactions at key resistance and support zones.
