- Closing above
- Bitcoin enters consolidation
On the charts, Bitcoin’s recent decline below $90,000 appears dramatic, but structurally itis more of a controlled reset than a trend failure. Bitcoin has stabilized in the mid-to-high $80,000s, where liquidity, derivatives positioning and spot demand are beginning to align once more following a steep sell-off from the $100,000-$105,000 range.
Closing above
The first level to be monitored is between $83,500 and $85,000. On the liquidation heatmap, this area is noticeable as a dense liquidity pocket that has already served as a reaction floor. Here, buyers intervened forcefully during the sell-off, absorbing forced liquidations and keeping the price stable.
BTC/USDT Chart by TradingViewAs long as Bitcoin consistently closes above this range, the downward trend will lose steam. A clear break below it would reopen the door to further declines, but there is currently no follow-through on that scenario.
Bitcoin enters consolidation
The second, and most significant, magnet is the current consolidation of Bitcoin between $86,500 and $87,000. This region is now in short-term equilibrium, with sufficient absorption to stop a free fall and sufficient liquidity on both sides to maintain price rotation.
The third key level, which ranges from $90,800 to $91,500, is higher. Unfulfilled orders from the breakdown and resting liquidity are abundant in this area. It is an obvious upside target in terms of market mechanics.
A push into $91,000 becomes less of a bullish fantasy and more of a mechanical result, fueled by liquidity-seeking behavior, if Bitcoin reclaims and holds the $88,500-$89,000 range.
From a wider angle, the trend is damaged but unbroken. The recent sell-off flushed leverage rather than long-term holders, the long-term structure is still higher than previous cycle peaks, and the 200-day moving average is still in place.
Source: https://u.today/bitcoin-aims-at-91000-as-revealed-by-3-key-price-levels
