Bitcoin Price Prediction: Trendline Loss Puts $90k Support at Risk
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Bitcoin trades near $90,500, struggling below a descending trendline and key EMA resistance. Spot outflows and declining futures interest indicate ongoing deleveraging. A breach below $89,000 could lead to a drop toward $85,000, while a recovery above $96,000 is needed to shift bullish momentum.
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- Bitcoin remains pinned below a descending trendline and the 20–50 EMA cluster, keeping rebounds capped near $96,000–$98,000.
- Spot outflows persist and futures open interest declines, signaling ongoing deleveraging rather than renewed accumulation.
- A break below $89,000 risks acceleration toward $85,000, while bulls need a reclaim of $96,000 to shift momentum.
Bitcoin trades near $90,500 at press time, after spending another session pinned below its descending trendline and major EMA resistance. The market remains compressed between falling resistance and rising short-term support, keeping traders focused on whether buyers can defend the $90,000 zone as outflows and leverage unwind.
Trendline Pressure Keeps Upside Capped
On the daily chart, Bitcoin continues to trade beneath a well-defined descending trendline drawn from the $126,000 pe…
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