Bitcoin Price Consolidates Near $91K, Sellers Eye $86K Zone
Bitcoin price eased 0.64% over the last 24 hours to around $91,265, down from $95,359 as recent charts show muted volatility. On the hourly timeframe, the price sits in a neutral trading range between $89,964 support and $92,779 resistance, limiting sharp moves. A close near the day’s low could push Bitcoin price toward the $86,000–$88,000 zone. Daily technicals indicate sellers dominate; a break below $90,000 support may trigger deeper corrections to $80,000–$85,000. Traders should monitor these support and resistance levels for potential entry or exit points and watch for a midterm decline toward $88,772 by month-end.
Bearish
Short-term, Bitcoin price remains range-bound with limited volatility between key support and resistance, creating a neutral trading environment. However, daily charts show sellers dominating, and a breach of the $90,000 support could trigger deeper corrections toward $80,000–$85,000. Midterm reluctance from buyers and successive lower lows point to further downside, supporting a bearish market outlook for Bitcoin.