Bitcoin Price Prediction: What’s Next for BTC After 7% Weekly Decline to Under $90K?

Bitcoin remains in a corrective phase after the failure to sustain the breakout above the mid-$90,000s. The recent price action resembles a pullback within a broader range rather than a confirmed trend reversal, but the rejection at key moving averages and supply zones has shifted the short-term balance of risk toward further consolidation and possible downside tests before any renewed advance.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, the asset has rolled over from the $95,000 resistance band, which aligns with the underside of the 100-day moving average and sits well below the declining 200-day moving average. The prior ascending wedge that developed from the $82,000 demand region has now broken to the downside, and spot is trading around the former breakout and local support near $89,000–$90,000.