{
    "id": 60265,
    "date": "2026-01-23T10:02:37",
    "date_gmt": "2026-01-23T03:02:37",
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    "slug": "bitcoin-price-stability-sparks-recovery-hopes-but-hurdles-loom",
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        "rendered": "Bitcoin Price Stability Sparks Recovery Hopes, But Hurdles Loom"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500.<\/em><\/p>\n<ul>\n<li>Bitcoin started a minor recovery wave from the $87,200 level.<\/li>\n<li>The price is trading below $90,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might recover if it manages to settle above $90,500 and $91,500.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Eyes Recovery<\/h2>\n<p>Bitcoin price failed to stay above the $90,000 support and extended <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-defends-support-88k\/\" target=\"_blank\">losses<\/a>. BTC declined sharply below the $89,500 and $88,000 support levels.<\/p>\n<p>The bears even pushed the price below $87,500. A low was formed at $87,200, and the price is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.<\/p>\n<p>Besides, there was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $90,500 and the 100 hourly Simple moving average.<\/p>\n<p>If the price remains stable above $89,000, it could attempt a fresh <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-loses-90k\/\" target=\"_blank\">increase<\/a>. Immediate resistance is near the $90,300 level. The first key resistance is near the $91,500 level since it is close to the 50% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.<\/p>\n<figure id=\"attachment_877492\" aria-describedby=\"caption-attachment-877492\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_9e54c4.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_9e54c4.png?resize=1024%2C488\" alt=\"Bitcoin Price \" width=\"1024\" height=\"488\"><\/a><figcaption id=\"caption-attachment-877492\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A close above the $91,500 resistance might send the price further higher. In the stated case, the price could rise and test the $92,300 resistance. Any more gains might send the price toward the $93,000 level. The next barrier for the bulls could be $95,000 and $95,500.<\/p>\n<h2 id=\"ftoc-heading-2\">Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $91,500 resistance zone, it could start another decline. Immediate support is near the $89,000 level. The first major support is near the $88,200 level.<\/p>\n<p>The next support is now near the $87,500 zone. Any more losses might send the price toward the $86,500 support in the near term. The main support sits at $85,500, 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 losing pace in the bearish 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 $89,000, followed by $88,200.<\/p>\n<p>Major Resistance Levels \u2013 $90,300 and $91,500.<\/p>\n<\/p><\/div>",
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