Bitcoin bulls chase $91K as early 2026 rally finds sustained volume

17 hours ago

Bitcoin’s commencement of twelvemonth (BTC) rally ran into stiff absorption adjacent $93,000, triggering a pullback that has shifted the market’s absorption backmost to cardinal enactment levels. While the higher-time-frame (HTF) operation inactive looks fragile, the little time-frame (LTF) awesome suggests bulls whitethorn yet person country to regain power if captious levels hold.

Key takeaways:

Bitcoin rejected astatine $93,000 for the 3rd time, slipping backmost toward play lows adjacent $89,250.
Rising unfastened involvement during the dip suggests shorts are gathering positions adjacent $90,000.
Strong passive bids astir $90,000 could enactment arsenic a springboard, oregon neglect and unfastened the doorway to the $86,000 to $87,000 range.

Bitcoin bulls request to clasp $90,000

After an 8% surge to $93,000, Bitcoin printed a plaything nonaccomplishment signifier (SFP) astatine the aforesaid absorption level for the 3rd time. The rejection pushed BTC down to play lows adjacent $89,250, reviving the hazard of consolidation oregon bearish continuation successful enactment with the broader HTF trend.

Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Bitcoin Futures, Price Analysis, Market Analysis, Liquidity

Still, the LTF operation leaves country for a bullish response. Bitcoin is presently investigating a cardinal bid artifact betwixt $89,200 and $90,500, the archetypal country of involvement wherever bulls could effort caller agelong entries if momentum flips positive.

Adding to this support, BTC continues to clasp supra the monthly rolling VWAP (volume-weighted mean price), which turned bullish again astatine the commencement of 2026.

In the adjacent term, Bitcoin could chop sideways into the play close. A decisive bullish engulfing betterment supra $91,666 would people the archetypal confirmation of bullish continuation, forming a higher debased connected the LTF inclination and perchance trapping precocious shorts positioned betwixt $90,000 and $92,000.

Open involvement information strengthens this setup. As BTC dipped from $92,000 to $90,000, unfastened involvement climbed sharply, a motion that abbreviated positions are building. If BTC tin support $90,000, a abbreviated compression becomes likely. A beardown regular adjacent supra $91,700 would beryllium the archetypal signal, opening the way for different trial of $93,000.

However, nonaccomplishment to clasp supra $89,000 would rapidly exposure interior liquidity betwixt $86,000 and $87,000, giving sellers a wide downside target.

BTC buyers flood bid publication with passive bids

Data from CoinGlass shows the aggregated bid publication liquidity delta flashing beardown passive bids astir $90,000. Over the past 2 weeks, akin bid absorption has preceded short-term recoveries, a signifier that could repetition if buyers proceed to support this zone.

That being said, futures trader Byzantine General cautioned that rising unfastened involvement cuts some ways. The expert said,

“Liquidations information suggests that there's a bully magnitude of susceptible longs successful there. I could spot a small bounce present astatine 90k, but yet it makes consciousness to maine that it takes retired those section lows astir 86k.”

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