{"id":9578,"date":"2026-01-23T06:00:25","date_gmt":"2026-01-23T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stability-sparks-recovery-hopes-but-hurdles-loom\/"},"modified":"2026-01-23T06:00:25","modified_gmt":"2026-01-23T06:00:25","slug":"bitcoin-price-stability-sparks-recovery-hopes-but-hurdles-loom","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stability-sparks-recovery-hopes-but-hurdles-loom\/","title":{"rendered":"Bitcoin Price Stability Sparks Recovery Hopes, But Hurdles Loom"},"content":{"rendered":"<p><em>Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500.<\/em><\/p>\n<ul>\n<li>Bitcoin started a minor recovery wave from the $87,200 level.<\/li>\n<li>The price is trading below $90,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might recover if it manages to settle above $90,500 and $91,500.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Recovery<\/h2>\n<p>Bitcoin price failed to stay above the $90,000 support and extended losses. BTC declined sharply below the $89,500 and $88,000 support levels.<\/p>\n<p>The bears even pushed the price below $87,500. A low was formed at $87,200, and the price is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.<\/p>\n<p>Besides, there was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $90,500 and the 100 hourly Simple moving average.<\/p>\n<p>If the price remains stable above $89,000, it could attempt a fresh increase. Immediate resistance is near the $90,300 level. The first key resistance is near the $91,500 level since it is close to the 50% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-877492\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Bitcoin_9e54c4.png?resize=1024%2C488\" alt=\"Bitcoin Price \" width=\"1024\" height=\"488\" \/><\/p>\n<p>A close above the $91,500 resistance might send the price further higher. In the stated case, the price could rise and test the $92,300 resistance. Any more gains might send the price toward the $93,000 level. The next barrier for the bulls could be $95,000 and $95,500.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $91,500 resistance zone, it could start another decline. Immediate support is near the $89,000 level. The first major support is near the $88,200 level.<\/p>\n<p>The next support is now near the $87,500 zone. Any more losses might send the price toward the $86,500 support in the near term. The main support sits at $85,500, below which BTC might accelerate lower in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $89,000, followed by $88,200.<\/p>\n<p>Major Resistance Levels \u2013 $90,300 and $91,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500. Bitcoin started a minor recovery wave from the $87,200 level. The price is trading below $90,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9579,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-9578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=9578"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9579"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}