{"id":126261,"date":"2026-01-12T02:38:25","date_gmt":"2026-01-12T02:38:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=126261"},"modified":"2026-01-12T02:38:25","modified_gmt":"2026-01-12T02:38:25","slug":"bitcoin-price-recovery-bid-emerges-resistance-still-looms-large","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=126261","title":{"rendered":"Bitcoin Price Recovery Bid Emerges, Resistance Still Looms Large"},"content":{"rendered":"

Bitcoin price started a downside extension below $92,000. BTC is now recovering from $89,220 and might face barriers for a fresh increase near $92,000.<\/em><\/p>\n

Bitcoin started a recovery wave above $90,000 and $90,500.
\nThe price is trading above $91,000 and the 100 hourly Simple moving average.
\nThere was a break above a bearish trend line with resistance at $90,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it stays above the $90,000 zone.<\/p>\n

Bitcoin Price Attempts Recovery<\/h2>\n

Bitcoin price failed to stay above $91,500 and started a downside correction<\/a>. BTC dipped below $92,000 and $91,200 to enter a short-term bearish zone.<\/p>\n

The price even dipped below $90,500 and tested $90,000. A low was formed at $89,225 and the price is now attempting a fresh increase. There was a move above $90,500. The price climbed higher above the 23.6% Fib retracement level of the recent decline from the $93,770 swing high to the $89,225 low.<\/p>\n

Besides, there was a break above a bearish trend line with resistance at $90,750 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $91,000 and the 100 hourly Simple moving average.<\/p>\n

If the price remains stable above $90,500, it could attempt a fresh increase<\/a>. Immediate resistance is near the $92,000 level and the 50% Fib retracement level of the recent decline from the $93,770 swing high to the $89,225 low. The first key resistance is near the $92,650 level.<\/p>\n

<\/a><\/p>\n

The next resistance could be $93,500. A close above the $93,500 resistance might send the price further higher. In the stated case, the price could rise and test the $94,000 resistance. Any more gains might send the price toward the $94,500 level. The next barrier for the bulls could be $95,000 and $95,500.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $92,500 resistance zone, it could start another decline. Immediate support is near the $91,250 level. The first major support is near the $90,500 level.<\/p>\n

The next support is now near the $90,000 zone. Any more losses might send the price toward the $89,250 support in the near term. The main support sits at $88,000, below which BTC might accelerate lower in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $91,250, followed by $90,500.<\/p>\n

Major Resistance Levels \u2013 $92,500 and $93,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a downside extension below $92,000. BTC is now recovering from $89,220 and might face barriers for a fresh increase near $92,000. Bitcoin started a recovery wave above $90,000 and $90,500. The price is trading above $91,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":126262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-126261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/126261"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126261"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/126261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/126262"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}