Bitcoin Holds $90k with Potential Moves to $94k or $75k

Bitcoin is currently trading around the $90,000 mark after failing to surpass the $94,000 barrier. This indicates hesitation from buyers but not a confirmed breakdown in momentum. Market analyst KillaXBT highlights a critical point, suggesting potential for either bullish or bearish outcomes.

Key Price Levels and Scenarios

$90,000 acts as a pivotal support level, aligning with a CME futures gap.
If the price drops below $90,000, support is expected at $87,500, corresponding to the 2026 yearly open.
A further drop could see prices reaching $86,800, where demand is anticipated.
If Bitcoin maintains above $90,000, it may retest the $94,000–$95,000 range, indicating consolidation.

Potential Decline to $75,000

KillaXBT holds a short position from $93,900 but anticipates eventual highs.
If Bitcoin fails to create a lower high in 30 days, a decline to $75,000, about 16.67% down from current levels, is forecasted.

Currently, Bitcoin trades at $90,500, showing a 0.76% daily loss. The trading volume has decreased by 11.6%, valued at $38.95 billion. Bitcoin remains the largest cryptocurrency with a market cap of $1.8 trillion, comprising 58.5% of the total market cap.