BTCUSD: Buyers Preparing for a Move Toward $90,000Hello everyone, here is my breakdown of the current Bitcoin setup.
Market Analysis
BTCUSD continues to recover after a prolonged downtrend, where the market consistently respected the descending Trend Line and formed a series of Range structures. Each range acted as a consolidation phase inside the broader bearish movement, with multiple breakdowns continuing the trend to the downside. Despite occasional bullish breakouts, none of them were strong enough to reverse the bearish structure, leading to further declines. Eventually, price reached the Support Zone around $84,000–$85,000, where the market produced a fake breakdown, signaling initial buyer activity. This fake breakout formed a local bottom that became the base for a reversal attempt. Following this reaction, BTCUSD began forming an Upward Channel, marking a shift in market structure from bearish to early-stage bullish. Inside this channel, price has started to create higher highs and higher lows—an essential signal of growing bullish momentum. The structure remains clean and technical: every pullback respects the lower boundary of the channel, while short impulses are reaching toward the midline of the structure. Buyers are gradually gaining control.
Currently, BTCUSD is stabilizing above the Support Zone while trading near the lower half of the ascending channel. As long as price respects this channel structure, sentiment remains bullish. The key area ahead is the Resistance Zone around $90,000, which previously acted as a pivot point and rejected bullish attempts multiple times. A clean breakout above this zone would confirm broader bullish strength.
Scenario & Strategy
I expect BTCUSD to continue moving inside the Upward Channel, gradually approaching the $90,000 Resistance Zone. A retest of this area is the most probable outcome if buyers maintain control. Short-term corrections may occur as the price approaches resistance, but overall structure favors a bullish continuation. A confirmed breakout above $90,000 could trigger a stronger move toward higher targets, opening the way for a larger trend reversal. This level remains the key barrier for buyers in the short and medium term.
However, if BTCUSD breaks down from the Upward Channel and falls below the $84,000 Support Zone, the bullish scenario becomes invalid. Such a move would likely signal a deeper correction or a return to bearish conditions. For now, buying the dips within the channel remains the more favorable approach as long as the structure stays intact and buyers continue defending support.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
