{"id":129307,"date":"2026-01-23T02:20:12","date_gmt":"2026-01-23T02:20:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=129307"},"modified":"2026-01-23T02:20:12","modified_gmt":"2026-01-23T02:20:12","slug":"bitcoin-price-stability-sparks-recovery-hopes-but-hurdles-loom","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=129307","title":{"rendered":"Bitcoin Price Stability Sparks Recovery Hopes, But Hurdles Loom"},"content":{"rendered":"

Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500.<\/em><\/p>\n

Bitcoin started a minor recovery wave from the $87,200 level.
\nThe price is trading below $90,500 and the 100 hourly Simple moving average.
\nThere was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might recover if it manages to settle above $90,500 and $91,500.<\/p>\n

Bitcoin Price Eyes Recovery<\/h2>\n

Bitcoin price failed to stay above the $90,000 support and extended losses<\/a>. BTC declined sharply below the $89,500 and $88,000 support levels.<\/p>\n

The bears even pushed the price below $87,500. A low was formed at $87,200, and the price is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.<\/p>\n

Besides, there was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $90,500 and the 100 hourly Simple moving average.<\/p>\n

If the price remains stable above $89,000, it could attempt a fresh increase<\/a>. Immediate resistance is near the $90,300 level. The first key resistance is near the $91,500 level since it is close to the 50% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.<\/p>\n

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

A close above the $91,500 resistance might send the price further higher. In the stated case, the price could rise and test the $92,300 resistance. Any more gains might send the price toward the $93,000 level. The next barrier for the bulls could be $95,000 and $95,500.<\/p>\n

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

If Bitcoin fails to rise above the $91,500 resistance zone, it could start another decline. Immediate support is near the $89,000 level. The first major support is near the $88,200 level.<\/p>\n

The next support is now near the $87,500 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 $89,000, followed by $88,200.<\/p>\n

Major Resistance Levels \u2013 $90,300 and $91,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500. Bitcoin started a minor recovery wave from the $87,200 level. The price is trading below $90,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":129308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129307","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\/129307"}],"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=129307"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129308"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}