TL;DR

Bitcoin is trading around $90,160 after posting a 1.4% daily gain; volume fell 27% but remains above $33B, signaling still-relevant activity.
BTC recently printed lows near $87,700 after losing the 50-day EMA at $91,942 and failing to hold the $90,000 psychological level.
Immediate support sits at $87,787, with key resistance between $91,000 and $92,000, as the market remains in consolidation.

Bitcoin is moving through a consolidation phase following last week’s correction. According to the latest CoinMarketCap data, BTC is trading at $90,160 after rising 1.4% over the past session. Daily volume dropped 27% but remains above $33 billion, confirming substantial yet slowing activity.

A bearish sequence pushed Bitcoin below key technical levels and down to lows in the $87,700 area. During that move, price closed below the 50-day exponential moving average, located near $91,942, a level that had acted as a dynamic reference for much of the month. The initial attempt to hold the $90,000 psychological threshold failed and led to an extension of the correction toward the midpoint of a horizontal channel around $87,787.

Following that pullback, Bitcoin posted a technical rebound that brought it back into the current range. Price is now fluctuating between $89,000 and $90,500, with no clear direction and short-range candles. Volume behavior aligns with that setup: the 27% decline reflects reduced aggressiveness from both buyers and sellers, consistent with a market moving sideways.

From a technical standpoint, the $87,787 area continues to act as immediate support. A daily close below that level would open the door to a move toward the lower boundary of the consolidation range, located near $85,569. On the upside, the $91,000 to $92,000 zone represents the main reference area, with the 50-day EMA standing as a direct technical resistance.

Bitcoin Fails to Sustain a Clear Trend

Indicators are sending mixed signals. The RSI on intraday timeframes remains below the neutral level but is trending higher. The MACD retains a bearish bias following the crossover recorded earlier this week, limiting the pace of any upside move.

Macroeconomic data continues to influence price dynamics. Bitcoin erased a large portion of the gains accumulated earlier in the month due to trade tensions between the United States and the European Union. While that front has eased, the market has yet to price in a catalyst capable of breaking the current range.

With price back above $90,000, declining volume, and nearby resistance, Bitcoin remains within a consolidation phase, with clearly defined technical levels on both the upside and the downside

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Filed under: News - @ January 23, 2026 5:29 pm