Bitcoin (BTC), the biggest cryptocurrency, is going through a crucial technical time in Q1. Traders are watching closely to see if BTC can regain its strength or if it will continue its correction. At press time, the coin is trading at $91,531.98 with a decline of 0.79% over the past 24 hours.
Based on the data from the TradingView chart, prices are consolidating between support at $88,500 – $89,000 with resistance between $93,500 – $94,000. Not reclaiming the 50-day EMA increases the risk of a liquidity sweep in the $89,500 – $90,000 area, where equal lows and demand exist.
Currently the RSI sits around the neutral 50 level, indicating indecision is prevalent. The 200-day moving average continues to decline near $106,000, further indicating correction to a wider trend.
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According to the data curated from Cryptorank, historically, BTC’s price action during Q1 has been sporadic. Historical data points to the beginning of large movements during both 2021 and 2023, with 2022 and 2025 presenting downward price action.
From the very beginning of 2026, most of the data so far has shown a steady increase in Bitcoin’s value. Analysts believe this steady increase in value demonstrates that we can expect much higher fluctuations in value than a steady, predictable trend moving forward into Q1 of 2023.
According to the recent update on X by analysts named TedPillows, if Bitcoin cannot hold its 50D EMA at this price level, the $90,000 mark will hold as a critical level of support until market conditions change.
The chart shows that Bitcoin has been bouncing back periodically for short periods of time, but trading beneath major resistance has occurred as the price of Bitcoin trades lower at resistance.
Historically, in Q1, the momentum of Bitcoin tends to increase each month, even when it has started in a bearish formation. As we continue through the first quarter, we can expect short-term volatility to remain, but we are still leaning toward a positive outlook for the quarter overall.
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