Bitcoin reclaims $87K, builds momentum toward $90K resistance
Bitcoin (BTC) has climbed back above $87,000 after briefly testing $86,000, adding under 1% in the past 24 hours. Technical indicators on the 4-hour chart point to a gradually improving bullish bias: the RSI sits near 49 (approaching neutral 50) and MACD lines are converging. Key resistance sits at $90,533 — a level Bitcoin has struggled to clear recently — with a secondary resistance around $94,000 if $90.5K is breached. On the downside, renewed selling could push BTC back toward the December 18 low near $84,633. Notably, this price recovery occurs despite four straight days of net outflows from spot Bitcoin ETFs (about $188.64m on Tuesday per SoSoValue), highlighting weaker institutional demand during the holiday period. For traders: watch $90.5K as the critical upside pivot for momentum trades and $84.6K–$86K as key support zones for risk management. Primary keywords: Bitcoin, BTC, $90k resistance, spot BTC ETFs.
Bullish
Bullish — The article describes a modest price recovery with improving short-term technicals: RSI nearing neutral and converging MACD on the 4-hour chart, which indicates buying pressure building. The clear upside trigger is a break above the $90,533 resistance; a successful breach would likely attract momentum traders and technical buyers, pushing BTC toward the $94K zone. However, the signal is qualified by continued spot ETF outflows (four consecutive days, ~$188.6m on the latest day), which cap institutional support and increase downside risk if outflows resume post-holidays. Historically, similar holiday-period rallies with low institutional inflows have produced volatile short-term moves that can extend if retail/momentum demand steps in after key resistance is cleared. For short-term traders, the bias is bullish as long as BTC holds above the $84.6K–$86K support band and price action confirms a break above $90.5K. For longer-term investors, persistent ETF outflows could limit sustained upside until institutional demand returns, making the outlook cautiously optimistic but dependent on flows and macro/liquidity conditions.