Bitcoin’s price, that eternal enigma, continues to grapple with the $90,000 monolithic wall, as if the very fabric of the market is woven with threads of despair and stubbornness. 🧨 The sellers, those shadowy figures in the corners of the digital bazaar, persist in their relentless dance, threatening to drag the price into the abyss of $80,000. 🧟♂️
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The $90,000 region has become one of the most important technical levels on Bitcoin’s chart. This zone aligns with prior distribution, local trend resistance, and key high-time-frame supply. Each time the price has approached this region, sellers have stepped in aggressively, preventing acceptance above resistance and forcing the price lower. 🧨
From a price-action perspective, these repeated rejections are significant. Markets that repeatedly fail at the same resistance level often signal exhaustion on the buy side. Rather than consolidating above resistance, Bitcoin has consistently rotated lower after each attempt, reinforcing the bearish bias within the current range. 🧨
The inability to close above $90,000-$90,180 confirms that this region remains a dominant area of supply. Until price can reclaim it on an impulsive, high-volume closing basis, any upside attempts are likely to be sold into rather than sustained, a dynamic that aligns with Bitcoin bulls weighing mixed outlooks from JPMorgan, Tim Draper, and Benjamin Cowen. 🧨
Attention has now shifted to the Point of Control (POC), which represents the highest traded volume within the current trading range. The POC often acts as a magnet for price during consolidation phases, but it also serves as a critical inflection point. Holding above this level suggests balance, whereas acceptance below it often leads to range expansion toward lower support levels. 🧨
Bitcoin is currently testing this POC, making it the last meaningful high-volume support before price enters a lower-liquidity zone. If this level fails to hold, downside risk increases sharply. Below the POC, there is limited structural support until the overall range low near $80,000. 🧨
From a market-structure standpoint, Bitcoin remains range-bound, but the balance is beginning to tilt toward the downside. The sequence of lower highs beneath $90,000 reflects persistent selling pressure, while buyers have been unable to reclaim lost ground. This asymmetry often precedes range breakdowns rather than breakouts. 🧨
Liquidity dynamics further support this view. Resting liquidity has accumulated near the range low as the price has spent an extended time consolidating above it. Markets are naturally drawn to these liquidity pools, particularly when resistance overhead remains unbroken. A move toward $80,000 would allow Bitcoin to clear this liquidity and reset positioning across the market. 🧨
Importantly, a move toward the range low does not necessarily imply a macro trend reversal. Instead, it would represent a continuation of range behavior, where price oscillates between well-defined boundaries. However, such moves can remain sharp and volatile, particularly when high-volume support levels are lost. 🧨
What to expect in the coming price action
As long as Bitcoin remains below the $90,000-$90,180 resistance zone, downside risk remains elevated. Holding the Point of Control is critical in the near term. A breakdown below this level would likely trigger a rotational move toward the $80,000 range to clear resting liquidity. 🧨
Any bullish invalidation would require an impulsive, high-volume retest of the resistance level, a signal that has yet to appear. 🧨
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2025-12-29 18:54