Bitcoin is recovering strongly after a volatile downswing earlier in the session, climbing back above the $91,000 level and extending a 24-hour gain of 7.9%.
The move reflects renewed demand near multi-day lows, even as broader sentiment across the market remains deeply risk-averse.
Bitcoin Reclaims Momentum With A Rapid V-Shaped Recovery
The chart shows a steep intraday reversal that lifted BTC from the low-$83,000 region back toward $91,000. The rebound formed a clear V-shaped pattern, with volume increasing as price accelerated upward. The graphic reveals how the decline into December was met with aggressive buying, pushing BTC sharply higher in a short window.
Earlier price action throughout the week shows periods of sideways consolidation followed by a sudden breakdown, and an even more decisive bounce. This dynamic highlights strong two-way liquidity and suggests traders are responding quickly to dislocations created by short-term volatility.
BTC Holds Gains As Market Strength Outpaces Recent Weakness
Bitcoin’s $91,200 spot level places it back near the midpoint of its recent trading range. With a 24-hour increase just under 8%, BTC’s recovery runs parallel to the broader market rebound seen across major assets.
However, high volatility remains a defining feature:
- •Current Price: $91,060
- •Volatility: 7.85% (high)
- •14-Day RSI: 33.49 (neutral, but nearing oversold zones)
- •50-Day SMA: $101,999 (BTC remains below trend)
- •200-Day SMA: $104,240 (long-term pressure intact)
- •Green Days: 11/30 (37%)
The indicators show a market still dominated by caution, even as the latest surge demonstrates that buyers are ready to step in during sharp declines.
Liquidity Pockets Define BTC’s Near-Term Structure
The chart indicates two critical levels shaping current price behavior:
- •$83,000–$84,000: A strong demand zone where today’s reversal began
- •$91,000–$92,000: A resistance band BTC is attempting to reclaim
Breaking above $92,000 would help Bitcoin challenge the deeper drawdown seen through late November and shift price action away from the lower end of its multi-week channel.
Until BTC moves decisively above its major moving averages, the broader trend remains fragile. Still, today’s price action shows clear appetite for accumulation at lower levels, even amid extreme fear readings.
Bitcoin now enters the next session with renewed short-term momentum, and traders will be watching whether the rebound evolves into a sustained push, or another reaction within a volatile consolidation phase.