The leading cryptocurrency Bitcoin (BTC) and altcoins started 2026 with a strong recovery, but have since experienced a pullback in the last 24 hours.
At this point, BTC had risen as high as $94,000 but has now retreated to around $90,000.
This increases the likelihood of further declines, and cryptocurrency analytics company MakroVision has published its updated analysis for Bitcoin (BTC).
The analysis firm stated that Bitcoin continues to be structurally under pressure, noting that a correction occurred after the recent recovery attempt and that Bitcoin has now re-entered a strong resistance zone.
In the short term, Bitcoin is stabilizing above the golden level of $85,500, showing the first signs of relief, according to the analysis firm.
The analysis firm stated that the $94,000-$96,000 range is currently a critical decision point, adding, “As long as the price remains below this level, downward pressure will continue to prevail.”
Analysts note that the overall downtrend in Bitcoin, which began after the break below the $105,000-$102,000 range, remains unbroken, emphasizing that lower peaks have been observed within this pattern and that upward momentum is still lacking.
“The current sideways movement is more likely to be interpreted as consolidation within a technical downtrend.”
The analysis company concludes that the $94,000-$96,000 levels are very critical. According to them, a sustained break above these levels would provide the first structural relief for BTC and pave the way for a rise to the $98,600-$102,000 range.
Conversely, if Bitcoin falls below these levels again, the lower support zone of $85,000-$83,000 may be retested.
“As long as Bitcoin trades below the key resistance zone between $94,000 and $96,000, the short-term outlook will remain bearish.”
Unless there is a significant break above this region, the situation will not visibly improve. Until then, the movement will remain corrective, and the risk of a renewed downward movement will increase.”
*This is not investment advice.
