Bitcoin Struggles to Surpass $92,000 Amid Potential Decline

Bitcoin's price has started a recovery wave, climbing above the $90,000 mark but facing resistance around $92,000. A break below a bullish trend line at $90,800 suggests potential further decline.

BTC climbed toward $92,000 but struggles to clear this level.
The price trades above $90,000 and the 100 hourly Simple moving average.
A recent high was formed at $91,878, with corrections underway.
The pair is nearing the 23.6% Fib retracement level from $86,299 to $91,878.
Immediate resistance is at $91,200, followed by $92,000 and $92,500.
A close above $92,500 could lead to testing $93,750 and possibly $94,500–$95,500.

If BTC fails to rise above $92,000, another decline may start:

Immediate support is near $90,500, with major support at $89,080.
Additional support levels are $88,450 and $87,500.
Main support sits at $86,300; falling below could accelerate decline.

Technical Indicators:

Hourly MACD: Losing momentum in the bullish zone.
Hourly RSI: Below 50.
Major Support Levels: $89,080 and $88,450.
Major Resistance Levels: $91,200 and $92,000.

Bitcoin Price