BTC/USD bears maintain control below 90,000

BTCUSD attempted to push past the 90,000 ceiling on Monday, but the effort proved unsuccessful, as the 50-day simple moving average (SMA) halted immediately the bullish move near 90,392 and pushed the price back into the tight weekly range around the 87,000 area. The downside move aligned with the sell-off on Wall Street, reflecting Bitcoin’s risk-sensitive nature.

The support trendline drawn from mid-October 2023 has been offsetting selling pressure within the 87,000 region. However, repeated rejections near the 90,000 level suggest downside risks are well intact, especially as the RSI and the Stochastic oscillator remain negatively charged in bearish territory.

If the bears regain control below the lower boundary of the symmetrical triangle at 86,260, the price may initially retest the 84,000–84,300 support zone, which coincides with the 38.2% Fibonacci retracement of the 2022–2025 uptrend. Another step lower could trigger fresh selling toward the psychological 80,000 mark, while a deeper decline may find support near the 76,685 pivot area from March–April 2025.

On the upside, the bulls will continue targeting the 90,000–91,380 resistance zone, which encompasses the restrictive lower boundary of the Ichimoku cloud. A decisive break above this area could pave the way for a new bullish phase towards 98,430, unless December’s high at 94,575 caps the advance beforehand.

In brief, BTCUSD is likely to remain exposed to downside risks as long as it stays below 90,000, with a potential bearish continuation unfolding below 86,260.