Bitcoin Holds Steady in the $90,000 Range: Potential Target Levels According to Technical Analysis

Bitcoin is currently trading around the $90,000 mark after failing to successfully break through the resistance zone at $94,000. This development indicates that buying pressure is showing signs of hesitation as it approaches recent highs, but no clear confirmation signal of a downtrend has appeared yet. According to the well-known market analyst on social media platform X with the name KillaXBT, Bitcoin is at a critical crossroads where the probability of both upward and downward movements are equally likely. $90,000 Level: Key Support Zone In a post on 1/9, KillaXBT stated that Bitcoin’s price structure remains quite “clean” despite recent significant market volatility. The price still reacts clearly to important technical zones, making short-term scenario analysis easier. Analysis suggests that the $90,000 level currently serves as a crucial short-term support zone. Notably, this area coincides with a gap in the CME futures market – a zone that traders closely monitor because it can trigger significant price reactions.

If Bitcoin loses the $90,000 support level, a negative scenario will be triggered. In that case, the next support zone is around $87,500, corresponding to the opening price at the beginning of 2026 (Yearly Open). If selling pressure continues to increase and breaks through this zone, the price could slide back to around $86,800 – a strong demand area that may attract buying interest again. This bearish scenario would confirm that Bitcoin continues to be rejected at higher price levels and reinforce a short-term weakening trend. Positive Scenario: Retest the $94,000–$95,000 Zone Conversely, if Bitcoin maintains above the $90,000 level, it indicates that the market is willing to trade at current prices rather than continue a sell-off. In that case, Bitcoin could retest the supply zone around $94,000–$95,000 – where sellers previously halted the rally. While the possibility of being rejected again at this resistance zone remains, an upward scenario would reflect accumulation and sideways movement rather than distribution and weakening. Risk of Falling Back to $75,000 If Conditions Turn Unfavorable In another post, KillaXBT revealed that he still holds a short position opened around $93,900. However, the analyst mentioned that he is not entirely pessimistic in the long term and still expects Bitcoin to surpass recent highs in the future. Nevertheless, if Bitcoin cannot form a lower high within the next 30 days (lower high), KillaXBT forecasts that the market could experience a sharp plunge to the $75,000 region. This decline would be approximately 16–17% from the current price level.

Current Market Situation At the time of writing, Bitcoin is trading around $90,500, down about 0.76% in the past 24 hours. Daily trading volume also decreased by 11.6%, reaching approximately $38.95 billion. Bitcoin remains the largest cryptocurrency by market cap, valued at around $1.8 trillion, accounting for 58.5% of the total crypto market capitalization.

In the context of the market facing important technical levels, investors should closely monitor price reactions around the $90,000 zone to determine the next trend, while managing risks tightly in case of significant volatility scenarios.