Bitcoin is trading around $91,200 after a sharp rebound from its lower support area. Bitcoin recovered steadily after a multi-day selloff, now consolidating sideways as volatility compresses. With the market approaching December catalysts, traders are watching whether BTC will reclaim key resistance levels or risk a deeper correction.
Bitcoin Chart Analysis: What Just Happened
Strong Rebound From $80,000 Support
The chart shows a clear bounce from the $80,000 macro support zone, marked by the lowest yellow line. Price tapped this level only once, triggering a fast reversal and forming a clean V-shaped recovery.

This confirms:
- •Buyers are defending $80K aggressively
- •Liquidations at the lows triggered a strong short-squeeze
- •Market structure remains bullish as long as $80K holds
Current Consolidation Around $91K
BTC is now moving sideways between $90,000 and $92,000, forming a tight consolidation range.
This usually signals:
- •A cooling period after a strong bounce
- •Reduced volatility before the next move
- •Traders waiting for direction (RSI and Stoch RSI validate this)
Momentum Oscillators Flashing Overbought
The Stochastic RSI (3,3,14,14) is sitting at:
- •85.72 (blue line)
- •76.16 (orange line)
This indicates overbought conditions, meaning the current short-term uptrend may slow before trying to break higher levels.
However — overbought readings are normal in strong bull cycles. They don’t necessarily imply a crash; they usually show BTC is preparing for another volatility spike.
Bitcoin Analysis: Key Levels to Watch
Immediate Support
- •$90,000 – Minor support in the current range
- •$80,000 – Major macro support (must hold)
Immediate Resistance
- •$94,200 – First strong barrier
- •$95,000 – $96,569 – Heavy resistance cluster
- •$97,500 – Last wall before a major breakout
Macro Resistance
- •$107,580 – The long-term target from the chart's upper band
Bitcoin Price Prediction: What Comes Next
Based on market structure, indicator behavior, and price levels, here are the most likely scenarios:
Bullish Scenario (Most Probable If $90K Holds)
$BTC attempts another leg up toward the next resistance zone.
Upside Targets
- •$94,200
- •$95,000 – $96,569
- •$97,500
- •$107,580 (major breakout target)
If Bitcoin closes a 4h or daily candle above $97,500, it would open the door to fresh all-time highs and a run toward ~$110K.
Bearish Scenario (If BTC loses $90K)
A rejection from resistance combined with weakening momentum could send BTC back to retest lower supports.
Downside Targets
- •$88,000 (minor liquidity zone)
- •$85,000
- •$80,000 (critical support)
If $80K breaks — unlikely for now — BTC could enter a mid-term correction.

