Bitcoin is struggling against the $90,000 support zone within a larger bull flag and ascending triangle, with stochastic RSI oversold stocks and a breakout or collapse looming.
Summary
- Bitcoin has repeatedly defended the horizontal support at $90,000, failing to close intraday wicks below the level, leaving the short-term bull flag intact.
- Daily and weekly charts show a confluence of a bull flag and a green ascending triangle, with a breakout path targeting higher resistance after a likely break at a round number.
- The stochastic RSI has bottomed on lower time frames, indicating potential upside, but a clear break below ~$90,000 could send BTC into a deeper trendline retest.
Bitcoin (BTC) remained above the $90,000 support level on Thursday despite downward pressure, according to the technical analysis published by CryptoDaily on January 9, 2026.
The cryptocurrency maintained its horizontal support level during Thursday’s trading session, with price movements indicating attempts at breaks below the level that ultimately failed to hold, the analysis said. After the support test, the price moved up to horizontal resistance before experiencing a rejection.
Bitcoin owns over $90,000
By Friday morning, Bitcoin’s price had returned to test the disputed support level. Technical analysts noted that if support does not hold, the next potential target could be a major trendline combined with another horizontal support level.
A daily timeframe analysis showed that the price had fallen to the bottom of a bull flag pattern, falling below the horizontal support level on Friday morning. The move raised questions about whether the price would continue to decline towards the main trendline, potentially negating the bull flag formation.
Technical indicators showed that short-term stochastic RSI readings had bottomed out across multiple time frames, suggesting potential upside price momentum could emerge, according to the analysis.
Weekly chart analysis indicated that the price had bounced and returned to the support level. The analysis identified a green ascending triangle pattern as an important formation to monitor. Technical analysts noted that a breakout of this pattern could provide a path to a key horizontal resistance level.
The analysis suggested that if a breakout were to occur over the weekend or next week, price could encounter a break at a round-digit level before testing key resistance levels that would determine whether the upward move represents continued momentum or a temporary rally within a broader downtrend.
According to market data, Bitcoin was trading at around $90,000 on Friday morning.
