Bitcoin (BTC) Price Prediction: Macro Bearish Trend Holds Firm Against Short-Term Bounce

Bitcoin is currently consolidating just beneath the $90,000 resistance level, attempting to establish fresh momentum on the lower timeframes. As we have stressed in our previous analysis, the macro structure for BTC remains unequivocally bearish. Despite this overarching trend, the objective for the bulls is clear. They must successfully push and close above the critical $94,000 technical level. Overcoming this resistance will be challenging, especially considering the current bearish sentiment dominant in the market. Nevertheless, short-duration charts are showing constructive price action that could facilitate a necessary relief bounce. With that in mind, let’s look at the latest Bitcoin charts to determine where the price could be headed in coming days.

Our Bitcoin Price Prediction Summary

• Short-term charts show an ascending triangle, signaling an imminent retest of the $92,000 to $94,000 resistance.
• A decisive daily close above $94,000 is necessary to invalidate the dominant bearish structure.
• The weekly bearish divergence and 50-week EMA confirm the macro downtrend is still active.

Analyzing the Charts
Lower Highs on 4H Chart

On the 4-hour chart, Bitcoin has tried several times to punch through the resistance just below $96,000, but each attempt has failed to deliver a clean breakout. Despite these failures, a significant detail is the continuous formation of higher lows on this same timeframe. This shows that short-term buyers are actively defending the price and are absorbing selling pressure. This price action is building into a clear ascending triangle structure, which typically forecasts a bullish continuation. Right now, the price has bounced exactly off the pattern's lower trendline, validating the structure and setting a new higher low. This confirms that another retest of the $92,000 to $94,000 range is now quite likely. How price reacts to this resistance zone this time will be essential for the short-term direction.

Daily Bearish Trend Still Intact

Switching to the 1-day timeframe, we can see price has attempted a slow climb following the bounce off the $85,000 support level. However, this upward movement is not yet significant enough to change the broader outlook. The overall picture on the daily chart remains distinctly bearish. The prevailing trend is still intact, with the price successfully printing another lower high. To truly shake this dominant trend, Bitcoin would require a decisive daily break above the $94,000 resistance and a subsequent retest of the $100,000 psychological level. Given that the current daily downtrend is showing strong continuation, it lends weight to the argument that the ascending triangle formation we identified on the 4-hour chart is likely to be invalidated.

Macro Outlook Still Looking Bearish

Lastly, shifting to the 1-week timeframe, the story remains the same one we have discussed for over a month. The major bearish divergence is still visible and very much active. Bitcoin price has been in a strong downtrend ever since this divergence first appeared, and it continues this path as we have yet to see any signs that invalidate it. Adding to this macro bearish outlook is the fact that the price is currently trading well below the 50-week Exponential Moving Average (EMA). This EMA is a widely watched trend indicator, and trading beneath it further confirms the structural weakness. It is precisely these overwhelming weekly signals that keep our overall Bitcoin price prediction leaning toward the downside.

Final Takeaway: What is Next for Bitcoin?

Overall, the short-term price action on the 4-hour chart suggests a potential relief bounce for BTC. However, the overwhelming message from the higher timeframes is clearly bearish. The active weekly bearish divergence and the price holding below the 50-week EMA confirm that the structural weakness is intact. The immediate focus is the upcoming retest of the $92,000 to $94,000 resistance zone. Until Bitcoin secures a decisive daily close above the crucial $94,000 level, we must anticipate further downside pressure.

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