📈 Current Status and Role of $90K
Key Pivot/Barrier: The $90,000 level has frequently been mentioned as a significant psychological barrier and a pivot zone or neutrality level.
Contested Support: In recent volatility, Bitcoin has dipped below $90,000 but has often seen a quick bounce back, indicating that it is a demand zone where buyers step in.
Some analysts note that the $90,000 to $93,000 range has functioned as a major support/pivot area.
📉 Critical Support Levels Below $90K
While $90,000 is important, analysts have identified several more established or "final" support levels below it that would be more critical if the price breaks down:
Mid-Term Support: The $85,000 area has been highlighted as a solid mid-term support, with some charts aligning the 50-period EMA or previous consolidation points near this level.
Final Short-Term Support: The $80,300 - $84,000 range is often cited as a crucial support zone. A sustained break below $84,000 could open the path toward deeper supports.
Key Long-Term Support: Deeper supports are identified around $75,000 and the broader $69,000–$72,000 range.
⬆️ Key Resistance Levels Above $90K
If Bitcoin can firmly hold and establish $90,000 as support, the focus shifts to overhead resistance:
Immediate Resistance: The $91,400 to $93,000 zone is considered the next immediate resistance level.
