Bitcoin Struggles to Maintain $90,000, Risking Drop to $70,000 Level

Bitcoin (BTC) has failed to maintain its momentum and reclaim a key resistance level this week. This suggests potential new lows before a possible recovery in 2026.

Key Points:

BTC attempted to break past a crucial level, surging 2.9% but unable to reclaim the $89,000-$90,000 area.
Current support is around $85,000; breaking below may lead to retesting November lows near $80,000.
Analyst Ted Pillows notes BTC's price action might mirror Q1 2025, potentially dropping to $74,000-$76,000 before a rally toward new highs in 2026.
Ali Martinez warns of a possible 20% drop if $87,000 support doesn’t hold, targeting $70,000 amid a bear flag breakout.
Daan Crypto Trades observes BTC trading between $84,000-$93,500 with low liquidity expected during the holiday season.
Crypto Jelle sees strong weekly support since April, suggesting potential for price to reclaim around $90,300 if support holds.

As of now, BTC trades at $86,138, marking a 5.3% decline over the week.

bitcoin