From a technical analysis perspective, Bitcoin is currently navigating an important inflection point. The $90,000 mark now acts as a crucial resistance level. A clean breakout above this area, especially on high trading volume, could signal the start of a renewed uptrend with targets near $95,000 to $100,000.
However, technical charting also points to a “death cross” pattern, where the 50-day moving average crosses below the 200-day moving average. This setup traditionally indicates potential downside risk. If sellers dominate the market, a retracement toward the $82,000 to $85,000 support zone may materialize in the short term.
The Relative Strength Index (RSI) remains in the neutral range, suggesting neither overbought nor oversold conditions. Momentum oscillators are flat, reflecting the current tug-of-war between bulls and bears.
