Bitcoin is wrestling with the $90k support zone inside a larger bull flag and ascending triangle, with stochastic RSI oversold and a breakout or breakdown looming.
Summary
- Bitcoin has repeatedly defended the $90k horizontal support, with intraday wicks below the level failing to close, keeping the short‑term bull flag intact.
- Daily and weekly charts show a confluence of a bull flag and green ascending triangle, with a breakout path targeting higher resistance after a likely pause at a round number.
- Stochastic RSI is bottomed out on lower timeframes, hinting at potential upside, but a clean break below ~$90k could send BTC toward a deeper trendline retest.
Bitcoin (BTC) held above the $90,000 support level on Thursday despite downward pressure, according to technical analysis published by CryptoDaily on January 9, 2026.
The cryptocurrency maintained its horizontal support level throughout Thursday’s trading session, with price wicks indicating attempted breaks below the level that ultimately failed to hold, according to the analysis. Following the support test, the price moved upward to horizontal resistance before experiencing a rejection.
Bitcoin holds above $90k
As of Friday morning, Bitcoin’s price had returned to test the contested support level. Technical analysts noted that if the support fails to hold, the next potential target could be a major trendline combined with another horizontal support level.
Daily timeframe analysis showed the price had dipped to the bottom of a bull flag pattern, falling below the horizontal support level on Friday morning. The movement raised questions about whether the price would continue downward to the major trendline, potentially invalidating the bull flag formation.
Technical indicators showed short-term Stochastic RSI readings had reached bottom levels across multiple timeframes, suggesting potential upward price momentum could develop, according to the analysis.
Weekly chart analysis indicated the price had bounced and returned to the support level. The analysis identified a green ascending triangle pattern as a key formation to monitor. Technical analysts noted that a breakout from this pattern could provide a path to an important horizontal resistance level.
The analysis suggested that if a breakout occurs during the weekend or into next week, the price could encounter a pause at a round-number level before testing key resistance levels that would determine whether the upward movement represents sustained momentum or a temporary rally within a broader downtrend.
Bitcoin traded at approximately $90,000 as of Friday morning, according to market data.
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