Bitcoin (BTC) Technical Outlook – Support Holding, But Trend Still Weak

Bitcoin continues to hold above the $88,000–$89,500 support zone, where buyers have stepped in multiple times to prevent a deeper breakdown. This area is acting as a short-term demand zone, but the overall trend remains weak as BTC struggles below major resistance levels.

BTC recently attempted a bounce but failed to break above the 0.236 Fibonacci level at $91,426, leading to a rejection and another pullback. As long as BTC remains below this Fib zone, bullish momentum will stay limited.

Price action also shows BTC trading under all key EMAs:

20 EMA: $91,667

50 EMA: $97,750

100 EMA: $103,063

200 EMA: $104,212

These EMAs are stacked above the price, confirming active bearish pressure and a downward trend structure.

For BTC to regain strength, it must first reclaim $91,426, followed by a stronger breakout above $98,070 (0.382 Fib). A decisive trend reversal requires a move and close above $108,809 (0.618 Fib), which marks the origin of the recent breakdown.

On the downside, losing the support region near $88,000–$89,500 may expose BTC to the major demand zone around $80,686, a critical structural support level on the chart.

The RSI is currently at 42.57, showing a slight recovery from lower levels but still signaling weak overall momentum.

📊 Key Levels

Resistance Zones

$91,426 (0.236 Fib – immediate resistance)

$98,070 (0.382 Fib)

$103,439 (0.5 Fib)

$108,809 (0.618 Fib)

$116,454 (0.786 Fib)

Support Zones

$89,500 – $88,000 (current support zone)

$80,686 (major swing-low support)

RSI (14)

42.57 — Weak momentum, slight recovery from lows

📌 Summary

BTC is holding above a key support zone but remains within a broader downtrend. A relief bounce is possible, but real strength will only return after reclaiming $91,426, with confirmation above $98,070. Losing support near $88,000–$89,500 could send BTC down toward the $80,686 demand zone once again.

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