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Bitcoin’s Struggle Below the $90,000 Threshold Intensifies Market Concerns
Bitcoin is poised to close yet another week below the pivotal $90,000 mark, intensifying bearish sentiment within the market. Despite a brief upward movement earlier this week, Bitcoin’s struggle to regain higher ground continues to unsettle investors. Global tensions are soaring as former US President Donald Trump ramps up his trade conflict with China. Although a 90-day tariff reprieve was extended to all nations except China last week, uncertainty persists, keeping markets on edge. The ongoing trade relations between the U.S. and China are significantly influencing the broader economic outlook, thereby impacting high-risk assets such as Bitcoin.
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Although volatility remains subdued, many anticipate an imminent change. Renowned analyst Big Cheds recently shared a technical chart on X, highlighting that Bitcoin’s 1-hour Bollinger Bands are tightening—a classic indicator of a potential major move. These “pinched” bands often suggest price action compression, which typically precedes either a breakout or breakdown.
With Bitcoin confined to a narrow trading range for several days, traders are bracing for significant movement in either direction. Whether this upcoming shift will lead to a bullish reversal or further decline remains uncertain, but current conditions suggest that volatility is likely to return soon.
Bitcoin’s Consolidation Amid Rising Macroeconomic Tensions
Bitcoin is increasingly reflecting the broader macroeconomic narrative, with the escalating trade tensions between the U.S. and China weighing heavily on global market sentiment. The specter of a global recession is looming as both countries intensify tariff measures, creating an unstable environment for risk assets. In this context, Bitcoin has entered a consolidation phase after enduring weeks of aggressive selling pressure and heightened uncertainty.
Currently trading below $86,000 but holding steady above the $82,000–$81,000 support zone, Bitcoin is navigating a tight range without a clear direction. Analysts are divided: some warn that Bitcoin may already be in a bear market, citing unmet expectations of a bullish breakout this year. The market’s failure to reclaim key moving averages has further fueled these fears.
Nonetheless, there is a pocket of bullish optimism. Many investors believe that Bitcoin could surge above the $100,000 mark once macroeconomic conditions stabilize and capital flows back into high-conviction assets. Supporting this view, Cheds noted on X that Bitcoin’s 1-hour Bollinger Bands are “pinching,” a technical setup often preceding significant price movements.
As volatility compresses and external economic factors dominate headlines, the coming days could be pivotal in determining Bitcoin’s next major move.
Bitcoin’s Price Struggles Below $90K as Weekly Close Approaches
Bitcoin is currently trading at $85,000 and is on track to confirm its seventh consecutive weekly close below the $90,000 threshold. This extended period beneath a critical psychological and technical resistance level has heightened concerns among market participants regarding the strength of the current recovery attempt. Bulls must reclaim the $90,000 level swiftly to confirm a shift in momentum and initiate a robust recovery phase.
Failing to surpass this critical level would likely lead to continued weakness, with a sharp retracement toward the $80,000–$78,000 range highly probable. The $90,000 barrier has become a crucial pivot point, influencing not only short-term sentiment but also the broader trend direction. A decisive breach above this zone, especially with strong volume and follow-through, could propel Bitcoin directly toward the $95,000 level, potentially reigniting bullish momentum.
However, with market volatility still subdued and macroeconomic uncertainty weighing on investor sentiment, Bitcoin remains range-bound and indecisive. Until buyers take clear control, Bitcoin’s price action may continue to grind sideways or decline. All eyes now turn to the weekly candle close as traders anticipate a breakout or breakdown that could define Bitcoin’s trajectory in the coming weeks.
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