{"id":129002,"date":"2026-01-22T02:17:20","date_gmt":"2026-01-22T02:17:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=129002"},"modified":"2026-01-22T02:17:20","modified_gmt":"2026-01-22T02:17:20","slug":"bitcoin-price-defends-support-as-traders-question-next-upside-push","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=129002","title":{"rendered":"Bitcoin Price Defends Support As Traders Question Next Upside Push"},"content":{"rendered":"

Bitcoin price started a fresh decline below $89,500. BTC is consolidating losses and might attempt a recovery wave if it clears $92,000.<\/em><\/p>\n

Bitcoin started another drop below $90,000 and $89,000.
\nThe price is trading below $90,500 and the 100 hourly Simple moving average.
\nThere are two bearish trend lines forming with resistance at $90,300 and $93,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it stays below the $92,000 zone.<\/p>\n

Bitcoin Price Dips To New Weekly Lows<\/h2>\n

Bitcoin price failed to stay above the $91,000 support and started a fresh decline<\/a>. BTC declined sharply below the $90,000 and $89,500 support levels.<\/p>\n

The bears even pushed the price below $88,000. A low was formed at $87,200, and the price is now consolidating losses. There was a minor recovery wave above $89,200 and the 23.6% Fib retracement level of the recent decline from the $95,475 swing high to the $87,200 low.<\/p>\n

Bitcoin is now trading below $90,500 and the 100 hourly Simple moving average<\/a>. If the price remains stable above $88,000, it could attempt a fresh increase. Immediate resistance is near the $90,500 level. Besides, there are two bearish trend lines forming with resistance at $90,300 and $93,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $91,000 level. The next resistance could be $91,350 or the 50% Fib retracement level of the recent decline from the $95,475 swing high to the $87,200 low. A close above the $91,350 resistance might send the price further higher. In the stated case, the price could rise and test the $93,000 resistance. Any more gains might send the price toward the $94,000 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 $91,350 resistance zone, it could start another decline. Immediate support is near the $89,150 level. The first major support is near the $88,000 level.<\/p>\n

The next support is now near the $87,200 zone. Any more losses might send the price toward the $86,500 support in the near term. The main support sits at $85,500, below which BTC might accelerate lower in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bearish 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 $89,150, followed by $88,000.<\/p>\n

Major Resistance Levels \u2013 $91,350 and $92,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below $89,500. BTC is consolidating losses and might attempt a recovery wave if it clears $92,000. Bitcoin started another drop below $90,000 and $89,000. The price is trading below $90,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance at $90,300 and […]<\/p>\n","protected":false},"author":0,"featured_media":129003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129002","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\/129002"}],"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=129002"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129003"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}