{"id":130468,"date":"2026-01-28T02:36:36","date_gmt":"2026-01-28T02:36:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=130468"},"modified":"2026-01-28T02:36:36","modified_gmt":"2026-01-28T02:36:36","slug":"bitcoin-price-marches-upward-but-90k-could-decide-the-next-act","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=130468","title":{"rendered":"Bitcoin Price Marches Upward, But $90K Could Decide The Next Act"},"content":{"rendered":"

Bitcoin price started a recovery wave above $88,000. BTC is slowly moving higher and might rise further if it clears $89,600.<\/em><\/p>\n

Bitcoin started a minor recovery wave above the $88,000 level.
\nThe price is trading above $88,500 and the 100 hourly simple moving average.
\nThere is a rising channel forming with resistance at $89,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might recover further if it manages to settle above $89,600 and $90,000.<\/p>\n

Bitcoin Price Starts Recovery<\/h2>\n

Bitcoin price remained stable above the $87,000 support<\/a>. BTC formed a base and recently started a recovery wave above the $87,500 level.<\/p>\n

The price climbed above the $88,000 and $88,500 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $91,098 swing high to the $86,007 low. The bulls even pushed the price above $89,000.<\/p>\n

Bitcoin is now trading above $88,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $88,500, it could attempt a fresh increase. Immediate resistance is near the $89,600 level. Besides, there is a rising channel forming with resistance at $89,600 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $90,000 level since it is close to the 76.4% Fib retracement level of the downward move from the $91,098 swing high to the $86,007 low. A close above the $90,000 resistance might send the price further higher. In the stated case, the price could rise and test the $90,500 resistance. Any more gains might send the price toward the $91,200 level. The next barrier for the bulls could be $92,000 and $92,500.<\/p>\n

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

If Bitcoin fails to rise above the $89,600 resistance zone, it could start another decline. Immediate support is near the $88,800 level. The first major support is near the $88,500 level.<\/p>\n

The next support is now near the $87,600 zone. Any more losses might send the price toward the $87,200 support in the near term. The main support sits at $86,000, below which BTC might struggle to recover 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 $88,500, followed by $87,200.<\/p>\n

Major Resistance Levels \u2013 $89,600 and $90,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a recovery wave above $88,000. BTC is slowly moving higher and might rise further if it clears $89,600. Bitcoin started a minor recovery wave above the $88,000 level. The price is trading above $88,500 and the 100 hourly simple moving average. There is a rising channel forming with resistance at $89,600 on […]<\/p>\n","protected":false},"author":0,"featured_media":130469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-130468","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\/130468"}],"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=130468"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/130469"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}