2026-01-26 14:50:27

Daily Chart: Bitcoin Price Rises with Slight Drop in Pressure

Bitcoin is aiming for a short-term breakout above the $90,000 level, with buyers strengthening their control after the sharp volatility experienced last week. The Relative Strength Index (RSI), which rose to 40 on the daily chart, indicates that buyers are trying to maintain key support levels. An RSI above the midline could signal a potential shift from a bearish to a bullish trend, while Bitcoin overcoming obstacles toward the psychological level of $100,000.

However, the Moving Average Convergence Divergence (MACD) on the same chart remains below the signal line, confirming the overall bearish bias.

Bitcoin is currently trading below the 50-day Exponential Moving Average at $91,470, the 100-day EMA at $94,933, and the 200-day EMA at $98,628, reinforcing the bearish outlook. A close below $88,000 could lead investors to reduce risk, making it vulnerable to selling pressure down to its November low of $80,600.

Daily chart of the BTC/USDT pair

BTC-0,48%

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