Bitcoin is trading near $91,500 after failing to hold $92K as the RSI dips below 60, putting emphasis on trend strength and the risk of a cycle shift.
Analysts are now looking at technical signals, especially the RSI, which has fallen below levels that often reflect strength in trend cycles.
RSI drops below 60, trend in danger
The monthly Relative Strength Index (RSI) has fallen below 60, raising questions about the current phase of the cycle. Analyst Eggag Crypto expected to stay above that level, by saying:
“I expected the RSI to remain above 60 and continue towards the 80-90 cycle top zone.” They added: “We are now in the neutral to slightly bearish zone. This area often acts as a decision zone, not a final judgment.”
While the RSI is starting to show an upward curve, momentum remains uncertain. Egrag noted that gaining back 60 could bring the bull cycle back into play. If not, the structure could shift towards deeper consolidation, with the next RSI support around 38.
$92K still a limit for Bitcoin price action
Bitcoin briefly reached $92,400 on Monday but quickly retreated. That action was short-lived and coincided with the revival of tension between US President Trump and Federal Reserve Chairman Powell. Since then, BTC has fallen back below the $92,000 threshold.
The $92,000 level remains a major hurdle. Until the asset breaks and remains above, the probability of a return to the annual opening price increases. Previous analysis also pointed to a possible rise towards $70,000 if downside pressure increases in the coming weeks.
Moreover, Bitcoin continues to trade above a short-term rising trendline and the 21-day moving average. This structure allows the price to hold at around $90,000. Michaël van de Poppe commented:
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#Bitcoin is stabilizing and performing reasonably well, despite global uncertainties.
The recipe remains the same:
Hold above the 21-day MA and start rising towards the $94,000 resistance zone.
In fact, with everything that’s happening, it strengthens the use case of $BTC. pic.twitter.com/HdEYv0YrPH
— Michaël van de Poppe (@CryptoMichNL) January 12, 2026
The $94,000 level is the next obvious resistance. A break above could open the way to $100,400 and higher zones. Below current levels, a breakdown would weaken the bullish stance.
Price range limits momentum for now
Crypto analyst CryptosBatman described BTC’s current move as stuck in a weekly inside bar pattern. He explained,
“The market is super boring right now… price is moving within the highs and lows of the November 17 weekly candle.”
Daan Crypto Trades pointed out that the first quarter often brings stronger price action for Bitcoin. He noted: “The last time things went terribly was in 2018… The first quarter is generally pretty good, especially in recent years.Traders remain focused on whether BTC can hold above support or if another leg lower is next.
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