BTCUSD: Bulls Aim for Recovery Toward $92,000 Resistance Zone

[mendez]

Hello everyone, here is my breakdown of the current Bitcoin setup.

Market Analysis

BTCUSD continues to move within a clearly defined Downward Channel, respecting both the descending resistance line and the lower support boundary. After a prolonged bearish continuation from the major Range structure seen earlier, Bitcoin broke several intermediate support levels before reaching the Support Zone around $84,000, where strong buyers stepped in. A Fake Breakout below the channel support triggered aggressive buying activity, sending the price back above the Support Zone and forming a short-term recovery structure. From this point, BTCUSD made a corrective bounce and even managed to break above a minor descending resistance, confirming a temporary shift in momentum.

Currently, price is approaching the Resistance Zone near $88,000–$90,000, which aligns with the upper boundary of the Downward Channel. This area has previously generated strong sell-offs and remains the key obstacle for buyers. A clean breakout above $90,000 would signal bullish continuation and may lead to a deeper recovery toward the next liquidity cluster near $92,000–$94,000. As long as BTCUSD holds above the $84,000 Support Zone, the short-term structure supports a bullish correction. However, if price gets rejected from the $90,000 resistance and fails to stay above support, sellers may regain control and push the market back toward the lower channel boundary.

My Scenario & Strategy

From my perspective, BTCUSD maintains a bullish corrective outlook while respecting the Support Zone around $84,000. The first target remains the $90,000 Resistance Zone, which matches both horizontal resistance and the channel’s upper boundary. A confirmed breakout above $90,000 would open the path toward $92,000–$94,000, where the next reaction levels are located. I will look for long opportunities during pullbacks toward the Support Zone or along the rising minor trendline that formed after the fake breakout.

If BTCUSD breaks back below $84,000, the bullish scenario becomes invalid, and a continuation of the major downward trend may follow. For now, price action supports a bullish recovery setup as long as buyers defend the Support Zone.

That's the setup I'm tracking. Thank you for your attention, and always manage your risk.

[Nahid Hossen]

92K is a tough ceiling—market needs real strength to reach it.

[Rimon Khan]

If bulls regain momentum, that zone becomes the next magnet.