BTCUSD – recovery gathers pace, shifting attention to key near-term resistance levels

The rebound extends into a third consecutive session and picked up momentum on Monday, rising about 2.2% by mid-European trade, as fresh bullish signals emerged following a break above the bear-channel upper boundary at 90,700 and the 38.2% Fibonacci retracement of the 107,502–80,514 decline at 90,823.

An improving daily technical setup continues to support the recovery, although headwinds are seen at the falling 30-day moving average near 92,380, which guards the next key resistance zone around 94,000 (50% Fibonacci retracement / December 3–4 double top). A clear break above this area would further reinforce the near-term structure and open the way toward 97,192 (61.8% Fibonacci).

In the near term, upside bias is likely to persist while the price remains above the broken channel resistance, now acting as support. A return below the psychological 90,000 level, however, would undermine the bullish outlook and neutralize recovery prospects.

Res: 92380; 93050; 94000; 95957
Sup: 90823; 90000; 89509; 87702