Bitcoin (BTC) Price Prediction: Short-Term Relief Rally Challenges Persistent Bearish Trend

Bitcoin is currently trading above $91,000 and has begun to regain momentum on the lower timeframes. As highlighted in our previous analysis, the price successfully held the key support near $85,000 and is now advancing toward the next significant resistance at $92,500. This recovery aligns with expectations, given that the daily RSI had entered deeply oversold territory, signaling the likelihood of a near-term relief rally.

While the price action is encouraging in the short term, the broader downtrend remains intact, and overcoming the $92,500 won’t be easy for the bulls. Let’s take a look at the latest BTC charts to see where the price could be headed in the coming days.

Our Bitcoin Price Prediction Summary

• Bitcoin has respected the $85,000 support and is now challenging the key $92,500 resistance level.
• A clear break above $92,500 would confirm a relief rally toward $100,000, while rejection keeps the door open for a move back to $85,000 and potentially $80,000.
• The weekly chart remains bearish due to the ongoing RSI divergence and price trading below the 50-week EMA, supporting a cautious medium-term outlook.

Analyzing the Charts

Daily Timeframe Shows Short Term Strength Inside Broader Weakness

On the 1-day timeframe, Bitcoin has delivered a clean and decisive bounce from the $85,000 support zone, marking the first meaningful relief in several weeks. The daily RSI spent multiple days in deeply oversold territory, and the bulls have finally stepped in to capitalize on that condition, producing the exact rebound we were looking for.

The immediate focal point now is the $92,500 resistance. Price reaction at this level will be critical. A convincing break and successful retest as new support would confirm the start of a legitimate relief rally and open the path toward the psychological $100,000 mark relatively quickly.

That being said, even in the event of such a breakout, the move should still be viewed primarily as a counter-trend rally within a broader bearish structure. Until we see clear evidence of a macro trend reversal (higher timeframe trend breaks, shifting volume profiles, or sustained strength above key moving averages), the prevailing downtrend remains the dominant force.

Failure at Resistance Could Open the Path to Fresh Lows

Conversely, if Bitcoin fails to break and hold above the $92,500 resistance with conviction, we should expect some sideways consolidation in the coming days before the price eventually retests the $85,000 support zone. With the overall trend still bearish, the bears will look to push for a clean break below that level. If they succeed, the next immediate downside target to watch will be the $80,000 mark.

Weekly Indicators Show No Evidence of Macro Reversal Yet

On the 1-week timeframe, the bearish divergence we have been tracking for over a month remains fully intact and has yet to be invalidated. This persistent divergence continues to act as a major driver of the ongoing downtrend and the broader sell-off. It is the primary reason any relief rallies observed on the lower timeframes should be considered temporary rather than the start of a new bullish phase. From a macro perspective, the trend still points to additional correction until this divergence is resolved to the upside.

Furthermore, price continues to trade below the 50-week EMA (exponential moving average), reinforcing the bearish bias on this higher timeframe. Taken together, this weekly structure is the key factor behind our Bitcoin price prediction for the coming months remaining firmly bearish until clear signs of a macro trend reversal emerge.

Final Takeaway: What is Next for Bitcoin?

Bitcoin has done exactly what we expected. It bounced nicely from $85,000 once the daily RSI hit oversold territory and now it is pushing toward the $92,500 resistance. If the bulls manage to break and hold above that level, a move towards $100,000 becomes very realistic. If they fail, we will probably see more sideways action before the price tests $85,000 again, and a clean break lower opens the door straight to $80,000.

Zoom out to the weekly chart and the picture stays bearish. The RSI bearish divergence is still active, price remains below the 50-weekEMA, and the macro trend continues pointing down. Until those signals flip, any rally is just temporary relief rather than a new bull market.