Bitcoin’s Recovery Falters: Could a Break Below $90K Trigger Further Downtrend?

Recent attempts by Bitcoin to rebound have stalled, with the price falling below key resistance levels around $89,500 and $90,000. Despite a strong rally from the $82,000 mark earlier this week, market sentiment is shifting towards caution as technical indicators signal waning upward pressure. 50 percent Fibonacci retracement zone is now being tested, reaching above $85,000 and $86,500 levels, but sellers remain active near the $89,000 to $90,000 region. This has prevented a clear breakout and suggests potential downside continuation.