{
    "id": 59089,
    "date": "2026-01-12T10:13:47",
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    "slug": "bitcoin-price-recovery-bid-emerges-resistance-still-looms-large",
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        "rendered": "Bitcoin Price Recovery Bid Emerges, Resistance Still Looms Large"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price started a downside extension below $92,000. BTC is now recovering from $89,220 and might face barriers for a fresh increase near $92,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave above $90,000 and $90,500.<\/li>\n<li>The price is trading above $91,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a bearish trend line with resistance at $90,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move up if it stays above the $90,000 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Attempts Recovery<\/h2>\n<p>Bitcoin price failed to stay above $91,500 and started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-support-89k\/\" target=\"_blank\">downside correction<\/a>. BTC dipped below $92,000 and $91,200 to enter a short-term bearish zone.<\/p>\n<p>The price even dipped below $90,500 and tested $90,000. A low was formed at $89,225 and the price is now attempting a fresh increase. There was a move above $90,500. The price climbed higher above the 23.6% Fib retracement level of the recent decline from the $93,770 swing high to the $89,225 low.<\/p>\n<p>Besides, there was a break above a bearish trend line with resistance at $90,750 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $91,000 and the 100 hourly Simple moving average.<\/p>\n<p>If the price remains stable above $90,500, it could attempt a fresh <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-dips-further-90500\/\" target=\"_blank\">increase<\/a>. Immediate resistance is near the $92,000 level and the 50% Fib retracement level of the recent decline from the $93,770 swing high to the $89,225 low. The first key resistance is near the $92,650 level.<\/p>\n<figure id=\"attachment_874854\" aria-describedby=\"caption-attachment-874854\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_52258d.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_52258d.png?resize=1024%2C488\" alt=\"Bitcoin Price\" width=\"1024\" height=\"488\"><\/a><figcaption id=\"caption-attachment-874854\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next resistance could be $93,500. A close above the $93,500 resistance might send the price further higher. In the stated case, the price could rise and test the $94,000 resistance. Any more gains might send the price toward the $94,500 level. The next barrier for the bulls could be $95,000 and $95,500.<\/p>\n<h2 id=\"ftoc-heading-2\">Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $92,500 resistance zone, it could start another decline. Immediate support is near the $91,250 level. The first major support is near the $90,500 level.<\/p>\n<p>The next support is now near the $90,000 zone. Any more losses might send the price toward the $89,250 support in the near term. The main support sits at $88,000, below which BTC might accelerate lower in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $91,250, followed by $90,500.<\/p>\n<p>Major Resistance Levels \u2013 $92,500 and $93,500.<\/p>\n<\/p><\/div>",
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