Technical analysis of BTC: 88,121 emerges as a critical point in the market showdown

GasFeeVictim · 2026-01-19T14:06:16+00:00

Bitcoin is testing a key support level at 88,121, showing a notable accumulation. The buying pressure slightly exceeds selling, indicating robust absorption. A double bottom pattern on the hourly chart suggests a possible rebound, while bullish moving averages and RSI analysis support this outlook. Monitoring these levels is essential for optimizing trading decisions.

GasFeeVictim

2026-01-19 14:06:16

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In the current session, Bitcoin tests a significant technical support level at 88,121, where position concentration data reaches 4.65%, reflecting a substantial accumulation in this range. The buy and sell pressure indicator registers 1.07, demonstrating that demand slightly exceeds selling pressure, suggesting a robust absorption capacity by buyers in this zone.

The candlestick formations on the 1-hour chart provide additional confirmation of the strength of this support. The appearance of a double bottom pattern reinforces the likelihood of a rebound from this level. Simultaneously, the exponential moving averages (EMA24 and EMA52) maintain a bullish arrangement, with the price trading above these lines, indicating that the overall trend remains favorable for buyers.

The technical momentum analysis reveals interesting details: although trading volume has contracted, the Relative Strength Index (RSI) has broken its previous upward trend line, which typically anticipates pressure buildup for a short-term rebound movement. This scenario is precisely where tools like a resistance calculator become useful for projecting post-rebound price targets.

With Bitcoin currently trading near these identified critical points, real-time monitoring of position distribution and support and resistance levels becomes essential to optimize trading decisions. The analysis is based on data from the 1-hour USDT perpetual contract, provided solely as a technical reference and does not constitute any investment recommendation.

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