Bitcoin Structure Turns Bearish as Indicators Show Downside Pressure

Bitcoin is struggling to reclaim the $90,000 level, currently testing critical demand around $86,000. Momentum has faded with upside attempts rejected, indicating a potential transition into a bear market rather than a temporary pullback.

A recent analysis shows Bitcoin’s price action aligns with a deteriorating market structure.
The Structure Shift composite signal is near -0.5, indicating sustained downside pressure.
Bitcoin price hovers around the lower boundary of the 21-day Donchian Channel, just above $85,000 support.

Bearish Market Indicators

The Structure Shift signal confirms Bitcoin is in a bearish structural zone.
The Bull-Bear market structure index shows bullish momentum at only 5%, while bearish components deepen due to futures selling pressure.
Short-term momentum is controlled by bears; spot demand struggles against derivatives-led selling.

Bitcoin's price remains under downside pressure, trading around $86,500 after failing to surpass resistance zones. The price is below key moving averages (50-day and 100-day), which have turned into resistance.

Bitcoin Chart

Interaction with the 200-day moving average is critical; absence of buying support indicates fragility.
Bitcoin maintains a lower-high, lower-low pattern since October peak at $125K.
To regain control, bulls need BTC to stabilize above current demand and reclaim key moving averages.

The dominant risk remains continued downside pressure unless structural improvements occur and spot accumulation strengthens.