Bitcoin Bulls Hold Steady at $90k Amid Bull Flag Formation

Bitcoin is currently battling to maintain its $90,000 support level, which is situated within a larger bull flag and an ascending triangle pattern. The stochastic RSI indicates that conditions are oversold, hinting that a breakout or breakdown may be on the horizon.

Key Takeaways

Bitcoin maintains its support level at $90k despite facing downward pressure.
A bull flag and ascending triangle pattern create a potential for upward momentum.
If the $90k support level falters, there are concerns about hitting a major trendline and horizontal support next.
Technical indicators suggest that BTC could see a price increase soon.
A breakout may occur over the weekend or into next week, influencing price movements significantly.

Bitcoin defends $90k support inside bull flag, eyes breakout.

Bitcoin (BTC) managed to stay above the critical $90,000 support mark on Thursday, despite market pressures, according to a technical analysis from CryptoDaily on January 9, 2026. The cryptocurrency has demonstrated resilience, with price movements signaling attempts to break below support, which ultimately failed. Analysts noted a potential upward movement could be forthcoming, depending on upcoming price actions.

Bitcoin Holds Above $90k

As of Friday morning, Bitcoin's price reconvened to retest the crucial support level. Analysts observed that if this support does not hold, the next significant target may be a major trendline paired with another horizontal support. The daily analysis revealed that the price had fallen to the lower end of a bull flag pattern, barely avoiding a breakdown below the horizontal support on Friday morning. This raised questions about the possibility of the price continuing its downward trend towards the major trendline, which could invalidate the ongoing bull flag pattern.

Technical indicators indicate that the short-term Stochastic RSI readings have significantly dipped across different timeframes, suggesting that a potential upward price shift may be in store, based on the analysis.

Moreover, examining the weekly chart indicates that the price has bounced back to the support level, wherein a green ascending triangle pattern emerges as a significant formation to watch. Analysts emphasized that a breakout from this pattern could lead the price towards a critical horizontal resistance area.

According to the analysis, if a breakout happens over the weekend or into next week, the price may pause at a round-number level before testing key resistance levels. This will help to determine if this upward movement is indicative of sustained momentum or merely a temporary rally within a greater downtrend. As of Friday morning, Bitcoin's trading price hovered around $90,000, based on current market data.