Bitcoin Price Powers Over $90K as Buyers Suddenly Regain Control of the Trend

Overview

Bitcoin has recently initiated a recovery wave, surpassing the $90,000 mark. The cryptocurrency is currently consolidating and appears poised to target levels above $91,500.

Recent Price Movements

Bitcoin’s price has shown a notable recovery, climbing toward $92,000. This upward movement comes after the cryptocurrency broke above a significant bearish trend line, which had resistance at $88,000 on the hourly chart of the BTC/USD pair. Currently, Bitcoin is trading above $90,000 and has also moved above the 100-hourly Simple Moving Average.

The recovery was facilitated by Bitcoin maintaining its position above $86,500, allowing it to establish a base. The price surged past the $90,000 threshold and achieved a clear break above the 61.8% Fibonacci retracement level of the previous downward movement from a swing high to a low. With Bitcoin now trading above $90,500, it remains above the 76.4% Fibonacci retracement level as well.

If the upward momentum continues, Bitcoin may encounter resistance near the $91,500 level. The first key resistance point is identified at around $92,000, followed by a potential resistance at $92,500. A successful close above the $92,500 resistance level could propel the price even higher, with targets potentially reaching $93,750 and beyond.

Potential Declines

Conversely, if Bitcoin fails to surpass the $92,000 resistance zone, there is a possibility of another decline. Immediate support is established near the $89,750 level, with major support identified at $88,500 and the $88,000 zone. Should the price experience further losses, it could approach the $86,500 support level. The main support level is noted at $85,000, below which Bitcoin might see accelerated downward movement.

Technical Indicators

• Hourly MACD: Gaining momentum in the bullish zone.
• Hourly RSI: Positioned above the 50 level.

Impact on the crypto market

• Bitcoin’s recovery above $90,000 indicates a potential shift in market sentiment.
• Key resistance levels at $92,000 and $92,500 may influence trading strategies.
• Ongoing consolidation above $90,000 could attract more buyers, impacting overall market dynamics.
• The presence of significant support levels suggests a potential buffer against declines.
• Technical indicators reflect bullish momentum, which may encourage further investment in Bitcoin and the broader cryptocurrency market.

Updated: 11/27/2025, 3:14:36 AM