Bitcoin Reclaims $90K Amid Eased Selling Pressure but Faces Resistance

Bitcoin has regained the $90,000 level after recent volatility but faces ongoing uncertainty and fear. Despite a rebound, selling pressure persists, and some analysts suggest a potential bear market without stronger demand.

Short-term stress among investors has decreased, with BTC sent to exchanges at a loss dropping to around 11,600 BTC, down from a peak of 67,000 BTC on November 22nd.
Liquidity remains tight, and macroeconomic uncertainties continue to affect risk assets.
Bitcoin must maintain above the $90K level to prevent further decline.

Short-Term Holders at a Decision Point

The amount of BTC in profit sent to exchanges by short-term holders is low at around 9,500 BTC, though it increased slightly as Bitcoin rose above $90K.
Recent buyers face a choice between waiting for a break even or selling to minimize losses.

Bitcoin STH P&L To Exchanges | Source: Darkfost

This reflects a delicate market environment where short-term holders' actions could dictate the direction. Calmness suggests panic subsiding, but their reaction to price changes remains crucial.

Bitcoin's Recovery Efforts and Resistance

Bitcoin attempts recovery from a low near $80K but trades below key moving averages, indicating ongoing bearish pressure.
The asset faces resistance at $92K–$94K, with sellers actively defending these levels.
Volume has cooled since earlier panic selling, signaling reduced forced selling but lacking strong buy-side conviction.
The $85K–$87K support region is critical; falling below could lead to deeper corrections.

Bitcoin seeks stabilization, but reclaiming higher levels is necessary to shift sentiment and avoid further downside risks.