Bitcoin Price Holds Support After Pullback—What Comes Next?

The next resistance could be $92,800. A close above the $92,800 resistance might send the price further higher. In the stated case, the price could rise and test the $93,200 resistance. Any more gains might send the price toward the $93,500 level. The next barrier for the bulls could be $94,000 and $94,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $92,000 resistance zone, it could start another decline. Immediate support is near the $90,650 level. The first major support is near the $90,300 level.

The next support is now near the $89,250 zone. Any more losses might send the price toward the $88,500 support in the near term. The main support sits at $87,250, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $90,650, followed by $90,300.

Major Resistance Levels – $91,500 and $92,000.

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