Bitcoin's 90,000 level falls, technicals enter a tug-of-war

NonFungibleDegen · 2026-01-12T17:20:10+00:00

Bitcoin has pulled back after reaching a high of 90,000, currently fluctuating between 85,000 and 90,000. The market lacks momentum, and there are no signs of positive changes in capital flow. On-chain activity has cooled down, and although there are signs of a rebound, they are unstable. The future trend remains uncertain.

NonFungibleDegen

2026-01-12 17:20:10

Abstract generation in progress

【Crypto World】Bitcoin surged past 90,000 but then retreated, currently bouncing between 85,000 and 90,000. The recent trend seems a bit weak — the RSI indicator has returned to the neutral zone, and momentum is noticeably less fierce than before.

From a capital perspective, demand for spot and ETF remains sluggish, indicating that incremental funds are still on the sidelines. However, there is a small bright spot: futures positions are gradually increasing, but the growth is very moderate and not a strong signal.

On-chain activity is also cooling down, with large transfers and wallet interactions becoming less frequent. Combining these signs, the market lacks clear directional guidance. Although there are signs of a rebound, it’s not yet stable, making it difficult to predict the next move.

BTC1.4%

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