Bitcoin’s latest recovery attempt continues to lose traction as price remains capped beneath a key resistance band, where persistent technical pressure is preventing a decisive upside breakout.
At the time of writing, Bitcoin is trading near $90,800, reflecting a market caught between a higher-timeframe bullish structure and short-term selling pressure. Repeated failures to reclaim the $92,000 level have slowed momentum, keeping traders focused on confirmation signals rather than directional conviction.
Bitcoin Price Today Chart Shows Tight Consolidation
According to market data, Bitcoin (BTC) is trading within a narrow range between $90,500 and $91,000, with 24-hour trading volume exceeding $14.2 billion. This subdued movement signals consolidation following Bitcoin’s earlier advance toward cycle highs, rather than active distribution.
Bitcoin trades sideways near $90,800, capped below $92K with key support at $88K–$88.5K amid US-Iran tensions. Source: @TedPillows via X
A review of the 1-hour and 4-hour charts shows BTC repeatedly rotating around the same liquidity zone, suggesting equilibrium between buyers and sellers. Price has respected both intraday support and resistance levels, reinforcing the view that the market is waiting for a catalyst rather than trending impulsively.
Crypto analyst Ted Pillows summarized this dynamic on X, noting that patience remains essential in the current structure: “$BTC is currently hovering around the $90,500–$91,000 level. Until Bitcoin reclaims $92,000, the upside is capped.”
He also highlighted a demand area near $88,000–$88,500, where an unfilled CME gap remains, an area that could attract price if liquidity is sought lower.
Overall, the Bitcoin price chart today continues to reflect balance rather than directional dominance.
EMA Ribbon Pressure Keeps Bitcoin Bears in Control
Bitcoin’s struggle is most evident around the EMA ribbon, a cluster of exponential moving averages often used to gauge trend strength and momentum shifts. On lower timeframes, BTC has now rejected the EMA ribbon multiple times over the past several sessions, indicating persistent supply at higher levels.
Bitcoin struggles below the EMA ribbons, with sellers defending every move and bulls yet to gain control. Source: @MerlijnTrader via X
Trader Merlijn The Trader described this behavior succinctly: “Bitcoin keeps battling the EMA ribbons. Bears are defending perfectly. Every push gets sold.”
From an analytical perspective, these rejections suggest trend compression rather than outright weakness. Historically, similar EMA interactions during late-stage consolidations have led to extended range trading before resolution.
As long as Bitcoin remains below the $91,000–$92,000 EMA cluster, sellers retain short-term control. A sustained close above the ribbon, supported by expanding volume, would be required to invalidate the current range thesis and reassert bullish momentum.
Bitcoin Technical Analysis Today Signals Range-Bound Bias
From a broader structural standpoint, Bitcoin remains in consolidation rather than trend reversal. A short-term double bottom formed near $89,300–$89,600, producing a brief bullish impulse, but follow-through was limited as price failed to maintain acceptance above resistance.
BTC forms a double bottom near $89,300–$89,600 and is range-bound with bullish targets of $92,600–$93,200 and bearish risks of $88,700–$87,900. Source: limitissky77 on TradingView
Market technician limitissky77 characterized the setup as neutral to slightly bullish, noting that the sequence of higher lows followed by lower highs reflects balance, not breakdown.
For bullish continuation, a strong hourly close above $91,900 would signal acceptance above resistance and open the door toward $92,600–$93,200, levels aligned with prior range highs. Conversely, continued rejection would keep BTC structurally range-bound despite constructive higher-timeframe trends.
Final Thoughts
Bitcoin remains at a critical inflection point as price compresses beneath the $92,000 resistance zone. Repeated EMA ribbon rejections indicate that sellers still control short-term momentum, but the absence of aggressive downside follow-through suggests consolidation rather than distribution.
Bitcoin was trading at around 90,838, up 0.23% in the last 24 hours at press time. Source: Bitcoin price via Brave New Coin
With volatility muted and liquidity tightly clustered, Bitcoin appears to be building pressure rather than signaling immediate direction. Acceptance above $92,000 would shift control back to buyers, while rejection keeps range-based strategies relevant. Until that balance resolves, Bitcoin’s next meaningful move will depend on whether momentum expansion or macro-driven pressure ultimately breaks the current stalemate.