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Bitcoin is trading around $93,062 within the downtrend channel formed since January 13 and within the uptrend channel formed since December 2025.
Over the weekend, Bitcoin fell to $91,823, which coincided with the bottom of the uptrend channel. It is likely that after this technical rebound, the price will continue to recover some of its losses and could continue to rise in the coming days until it reaches the 21 SMA at $94,642, a level where the top of the downtrend channel is located.
If, in the coming hours, Bitcoin breaks decisively from the uptrend channel formed since December 2025 and consolidates below $91,500, the outlook could be negative, and we could expect a fall towards the 2/8 Murray located at $87,500.
On the contrary, if Bitcoin breaks decisively through the downtrend channel and consolidates above $94,700, the outlook could be bullish, and we expect it to reach $98,000, last week's high, in the short term and finally, the 4/8 Murray around the psychological level of $100,000.
The Eagle indicator is showing a negative signal, so we should be very careful as Bitcoin could see a sharp decline. However, at current price levels, we expect a technical rebound to occur. A good idea to open short positions would be to wait for the price to reach $95,000. This level is key, as BTC could fall to $87,000 once settled below this area.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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