$90K Emerges As Bitcoin Psychological Battleground – Key Level Dictates Market Sentiment

Share This Post

Bitcoin (BTC) has been trapped below crucial price levels for the past few days, following its loss of the $85,000 mark last Sunday. Now trading at its lowest levels since November 10, 2024, BTC remains under heavy bearish pressure, with bulls facing an uphill battle to regain control.

The market has been in a consistent downtrend since late January, and fear continues to push lower price targets as investors speculate whether the Bitcoin bull cycle is over. With global uncertainty and macroeconomic instability weighing on risk assets, BTC’s inability to reclaim key resistance levels has intensified concerns about further downside potential.

Top analyst Axel Adler shared insights on X, revealing that the peak of exchange activity over the past four months occurred at $90K, marking the highest daily Bitcoin flow on exchanges. This data suggests that $90,000 has become a critical psychological boundary, with bullish sentiment strengthening above this level and sell-offs increasing when BTC trades below it.

With BTC failing to reclaim lost ground, the market remains on edge, waiting to see whether buyers will step in or if further declines are ahead. The next few days will be crucial in determining Bitcoin’s short-term direction.

Bitcoin Faces Heavy Selling Pressure

Bitcoin is struggling with massive selling pressure and uncertainty, as both the crypto and U.S. stock markets remain under stress. Since the U.S. elections in November 2024, macroeconomic volatility and geopolitical tensions have fueled a risk-off environment, preventing BTC from regaining momentum. With global trade war fears escalating, investors are preparing for the worst, driving more capital away from risk assets like Bitcoin and equities.

Adler’s insights highlight that Bitcoin’s peak exchange activity in the past four months occurred at the $90,000 level. This critical price zone recorded the highest daily BTC flow on exchanges, suggesting heavy trading volume and strong market reactions around this level. Furthermore, Adler noted that whenever BTC dropped below $90K, exchange inflows spiked, indicating increased sell-offs and volatility.

Bitcoin Daily Exchange Flow Analysis | Source: Axel Adler on X

According to Adler, $90K now acts as a key psychological boundary between bullish and bearish sentiment. If Bitcoin trades above $90K, market participants gain confidence in further price appreciation. However, if BTC remains below this level, selling pressure intensifies, leading to further declines as traders offload their holdings.

With BTC currently struggling below this psychological threshold, investors remain on edge, waiting for either a decisive recovery or a deeper correction. If Bitcoin fails to reclaim $90K in the near term, it could extend its bearish trajectory, testing lower support levels in the coming weeks.

Price Struggles At $83K As Bulls Fight

Bitcoin is currently trading at $83,000, following days of selling pressure that have kept it below the crucial $85K mark. With bears in control, BTC has struggled to establish a strong support zone, leaving investors cautious about the potential for further downside.

BTC facing serious selling pressure | Source: BTCUSDT chart on TradingView

For bulls to regain momentum, Bitcoin must reclaim the $90K–$91K range, as this level aligns with the 4-hour 200-moving average (MA) and exponential moving average (EMA). A break and hold above this zone would signal renewed buying strength, potentially setting the stage for a broader recovery rally.

However, if BTC fails to hold above the $85K mark and continues to struggle below the key moving averages, the risk of a steep decline below $80K increases significantly. A breakdown beneath this level could trigger further sell-offs, pushing BTC toward lower demand zones and extending its bearish trend.

With market sentiment still fragile, the next few trading sessions will be critical in determining whether Bitcoin can recover or if another wave of selling pressure will drive prices lower. Bulls must act quickly, or BTC may face further downside risks in the near term.

Featured image from Dall-E, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

The Best Crypto to Buy as Bitcoin DeFi is Projected to Unlock Billions in BTC

Now is the perfect time to look for the best crypto to buy, as unleashing Bitcoin into the DeFi protocol could add billions to BTC’s liquidity pool A recent report from Moulik Nagesh of Binance

POPCAT, PNUT, And PENGU Price Prediction After Robinhood Listing Hype

The post POPCAT, PNUT, And PENGU Price Prediction After Robinhood Listing Hype appeared first on Coinpedia Fintech News Key Highlights Meme coins – POPCAT, PNUT, and PENGU gained momentum after

Pi Network Faces Pressure as KYC Deadline Closes In, Whales Pick Up Web3 Mobile Competitor Trading at $0.0045

The post Pi Network Faces Pressure as KYC Deadline Closes In, Whales Pick Up Web3 Mobile Competitor Trading at $00045 appeared first on Coinpedia Fintech News Pi Network (PI) has become a household

Near Protocol Price Prediction 2025, 2026 – 2030: NEAR Price To Record 2X Surge?

The post Near Protocol Price Prediction 2025, 2026 – 2030: NEAR Price To Record 2X Surge appeared first on Coinpedia Fintech News Story Highlights The live price of the Near Protocol token is

XRP Price Prediction: Can XRP Grasp $5 as Democrats Try to Stop Crypto Reserve Plan

The post XRP Price Prediction: Can XRP Grasp $5 as Democrats Try to Stop Crypto Reserve Plan appeared first on Coinpedia Fintech News With bullish signals flashing and traders eyeing a potential push

Best New Crypto to Buy as Trump Plans Binance Investment and Turns Bitcoin Maximalist

Changpeng Zhao isn’t exactly the stereotypical criminal But the Binance founder did plea guilty, back in 2023, to violating anti-money-laundering (AML) laws And as such, he is a convicted felon