Bitcoin price analysis: BTC/USD extends the decline, $9,000 within reach

Bitcoin resumed the decline amid the downside correction on the market.
The critical support zone is created by SMA200 daily.

Tanya Abrosimova Independent Analyst

Bitcoin retreated from Tuesday's high of $9,512 to trade at $9,170 by press time. BTC/USD has lost 2% both on a day-to-day basis and since the beginning of the day moving within the short-term bearish trend amid expanding volatility.

BTC/USD, the technical picture

Looking technically, a failure to engineer a sustainable breakthrough above SMA100 (Simple Moving Average) daily slowed down Bitcoin bulls and triggered the downside correction from an overbought territory. At the time of writing, SMA100 daily is registered at $9,616. We will need to see a sustainable move above this handle for the upside to gain traction with the next focus on this week's high at $9,938 followed by a psychological $10,000.

On the downside, the vital support awaits us on approach to psychological $9,000. Strengthened by SMA200 daily, this area is likely to slow down the sell-off and push the price back inside the recent range. However, once it is out of the way, the downside is likely to increase with the next bearish aim at $8,800 (SMA50 daily). A move below this area will open up the way to the previous consolidation zone of $8,700-$8,600 and negate an immediate bullish scenario.

BTC/USD, daily chart

Author

Tanya Abrosimova

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.