Bitcoin Structure Turns Bearish As Structural Indicators Flip Negative
Bitcoin is struggling to reclaim the $90,000 level as it continues to test critical demand around the $86,000 zone. After weeks of corrective price action, bulls are finding it increasingly difficult to build a convincing case for trend continuation.
The most notable technical development is Bitcoin’s interaction with the 200-day moving average, shown in red. Price has briefly tested this long-term support but remains fragile, with follow-through buying notably absent. Historically, sustained trading below faster-moving averages while compressing near the 200-day often signals either a prolonged consolidation phase or the risk of an additional leg lower if demand fails to appear.
Related Reading
Structurally, Bitcoin remains in a lower-high, lower-low sequence since the October peak near $125K. As long as price remains capped below the $90K–$95K resistance zone, downside risks persist. For bulls to regain control, BTC must first stabilize above current demand and reclaim key moving averages. Signaling that sellers are losing dominance.
Featured image from ChatGPT, chart from TradingView.com
About Author
