Bitcoin Price Drops Below $92K as Rally Shows Signs of Exhaustion—Is This a Bull Trap?
Bitcoin has started 2026 with a sharp rebound, rising for five consecutive sessions and adding nearly $100 billion in market capitalization. The move has reignited optimism across the crypto market, with many traders now arguing that the $81,000 level marked a definitive cycle bottom. As seen in the above chart, the BTC price not only failed to surpass the resistance zone but also the supertrend. With this, the bearish influence continues to hover over the price, while the bearish divergence in the OBV substantiates the claim. However, the volume has remained consistent since December. This suggests the local support at $90,426 could act as a strong base if the pullback continues. Bitcoin (BTC) price remains in a tight consolidation with downside risk unless bulls reclaim key resistance. Repeated rejections near $93,500–$95,000 suggest sellers are still active, while $90,400 remains the level holding the structure together. A breakdown below this support could expose $87,000 and $83,000–$80,000. Only a strong daily close above $98,000–$100,600 would invalidate the bearish bias and shift momentum back toward $110,000.Final Take: Is This a Bull Trap or Just a Cooling Phase?
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