Bitcoin reclaimed the $91,000 zone after a 30% drawdown, with analysts divided over whether current consolidation signals recovery or a deeper bear phase.
Summary
- Bitcoin bounced back above $91,000 after an eight‑month low, reclaiming a zone that flipped from support to resistance during Trump’s recent tariff talks.
- Bullish analysts highlight consolidation above key ranges and improving 4h momentum signals, while warning that a drop below nearby support risks new lows.
- Bearish views argue this post‑ATH drawdown marks the start of a multi‑year bear market, especially threatening overleveraged investors despite short‑term relief.
Bitcoin recaptured the $91,000 level following a decline of more than 30% from its all-time highs last week, when the cryptocurrency fell to an eight-month low, according to market data.
Technical analyst Daan Crypto Trades stated on social media platform X that a narrow range represents a critical region for investors to monitor. The analyst noted that this level functioned as support in late 2024 and early 2025 before becoming a resistance point during President Donald Trump’s recent tariff negotiations with major economies, including China.
Bitcoin seeks support around the $90k range
After breaking out of this zone approximately one year ago, Bitcoin (BTC) reached new highs in January, which held until an uptrend in May resulted in higher peaks, according to Daan Crypto Trades. The analyst stated that consolidation above these levels could enable a rally toward higher ranges, while a fall below could lead to a retest of last week’s low, identified as the nearest support.
Analyst BitcoinVector stated that the market remains in a high-risk environment and that current momentum has not yet strengthened significantly. According to the analyst, steady momentum is required for Bitcoin to break out of the compression pattern that has formed since its all-time high.
BitcoinVector outlined a potential recovery path requiring Bitcoin to close within a specific zone, followed by consolidation above this area and a breakout through the compression band. The analyst emphasized the need for a “Risk-Off Signal,” indicating buyers must overpower sellers while generating momentum. Without such momentum, upward movements would represent tactical reactions rather than structural recovery, according to the analyst.
Market analyst Skew stated that the four-hour chart for Bitcoin appears more favorable for bulls, pointing to indicators including the price trading above the four-hour 50 EMA, the RSI remaining above 50, and the Stochastic RSI trending higher. Skew identified a nearby level as crucial, stating that a drop below it would signal weakness and a failed momentum attempt.
Analyst Jacob King offered a contrasting view, stating that Bitcoin has never experienced such a decline from an all-time high in October followed by a sustained bull market. King stated that Bitcoin has entered a bear market that may persist for years, potentially affecting numerous investors, particularly those with significant leverage.
Bitcoin has recovered modestly within the last 24 hours but remains substantially below its all-time high, according to market data.
Source: https://crypto.news/analysts-split-on-bitcoin-outlook-as-it-retests-crucial-90k-range/