BTC Market Outlook: Buyers Step In but Trend Still Favors Bears

Bitcoin is showing a short-term relief bounce after tapping the $88,500–$90,000 demand zone, where buyers stepped in and slowed the sharp sell-off. The decline began after multiple rejections from the $116,000–$126,000 zone, aligning with the 0.786–1.0 Fibonacci region, confirming strong overhead supply and persistent bearish pressure.

The breakdown pushed BTC below all key EMAs (20 / 50 / 100 / 200), which now sit above the current price and act as stacked dynamic resistance:

20 EMA: $93,234

50 EMA: $100,533

100 EMA: $105,266

200 EMA: $105,365

For this bounce to become a real trend reversal, BTC must reclaim these EMAs one by one.

BTC is currently trying to remain near the 0.236 Fib level ($91,426) — an early stabilization signal. However, the broader trend remains bearish unless BTC breaks higher resistance levels:

$98,070 (0.382 Fib)

$103,439 (0.5 Fib)

A strong bullish reversal only confirms if BTC closes above:

$108,809 (0.618 Fib)

$116,454 (0.786 Fib) — a major previous rejection zone

Downside Risks

If BTC loses the $88,500–$90,000 support again, it may revisit:

$86,000

$80,686 (Fib 0 level)

Further downside could test deeper liquidity pockets if selling pressure increases.

RSI

40.7 — showing mild recovery

Still below 50, indicating weak bullish momentum and bears maintaining control

📊 Key Levels

Resistance

$91,426 (0.236 Fib)

$98,070 (0.382 Fib)

$103,439 (0.5 Fib)

$108,809 (0.618 Fib)

Support

$90,000–$88,500

$86,000

$80,686

RSI

40.7 — Weak but improving

📌 Summary

BTC is attempting a relief bounce off strong support, but the structure remains bearish while price trades below the $98,000–$103,000 resistance cluster. Bulls need a decisive break above $108,000+ to regain strong momentum.

Losing the $88,500–$90,000 zone could expose BTC to $86,000 and potentially the $80,686 level.

$BTC

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