Bitcoin(BTC) price consolidates near the $90,000 level as traders assess whether the recent pullback marks a pause or a base for continuation. Technical structures, short-term compression, and macro indicators collectively suggest that a retest of $100,000 remains a central focus in early 2026.
According to analyst Jelle, the long-term Bitcoin against the USD chart from 2024 to mid-2026 remains firmly constructive. Price advanced from the $60,000 region to a peak near $125,000 in late 2025 before correcting to around $90,000. This pullback has respected higher lows, preserving the broader bullish structure.
A horizontal resistance zone between $100,000 and $105,000 has capped several rallies. However, the current correction appears to be a controlled retest of prior breakout levels rather than trend exhaustion. The move reflects confidence in the prevailing structure.
Moreover, the chart highlights accumulation within a multi-year uptrend. As long as Bitcoin price holds above former support, the path toward a renewed $100,000 test remains technically intact. A successful breakout could later open the door toward higher extensions near $120,000.
Meanwhile, analyst Don focused on the 4-hour BTC chart, which shows tightening price action since late December 2025. Bitcoin price has traded within a descending channel, with resistance near $94,000 and support holding between $86,000 and $88,000. The market has compressed around $90,000 amid declining volatility.
This horizontal channel reflects post-holiday digestion rather than directional conviction. Repeated rejections at the upper boundary contrast with consistent defense of lower support. As a result, $90,000 has emerged as a near-term pivot for directional bias.
Source: X
According to the analyst, a breakout above channel resistance could accelerate momentum toward $94,000 and potentially higher. Conversely, failure to hold current levels may extend consolidation toward $86,000. Volume expansion remains the key confirmation signal for either scenario.
In addition, analyst Ash Crypto highlighted a macro perspective linking Bitcoin to the ISM Manufacturing PMI. The multi-year overlay shows that major Bitcoin price tops historically coincided with PMI readings above 50, signaling economic expansion. In contrast, PMI levels below 50 have aligned with ongoing bull markets or corrective phases.
Currently, ISM readings sit around 48–49, reflecting contraction in manufacturing activity. Despite this, Bitcoin price continues to trade near $90,000. According to Ash, no historical cycle top has formed under such PMI conditions, implying that the broader uptrend remains unfinished.
Furthermore, this divergence suggests that risk appetite has not reached euphoric levels. A future PMI rebound above 50 may warrant caution, but continued contraction supports the case for trend continuation into 2026. This macro backdrop reinforces bullish technical structures.
Bitcoin price remains in a consolidation phase rather than a distribution zone. With structural support intact and macro indicators aligned, market focus stays on whether $90,000 can act as a base for a renewed push toward $100,000.
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