Bitcoin is experiencing a period of technical compression as it trades near $91,300, caught between a rising short-term support trendline and a descending resistance line that has defined price action since November. This coiling pattern signals a lack of confirmed momentum, with market participants anticipating a decisive directional move early this week as U.S. markets reopen.
The key support zone is being defended by buyers in the $89,500–$90,000 area, with a particularly watched level at $90,400. This price previously acted as resistance and has now turned into support, a development viewed as a healthy sign for the market. A failure to hold above $90,400 could see Bitcoin test the next support near $89,400.
On the upside, sellers are capping gains below the $95,100 Supertrend resistance. More immediate resistance lies between $92,800 and $93,000, an area that has halted previous rallies. A clear break above this range could improve short-term market confidence and potentially open a path toward the $97,000 to $98,000 range, though this would require stronger trading activity and broader crypto market support.
Analysts note that spot selling pressure has eased, increasing the odds of a breakout. The overall market outlook remains positive, with Bitcoin rising at a slower, more stable pace compared to some altcoins, which suggests a calm rather than overheated market environment.
