Bitcoin Holds Key Levels as Doji Candle Signals Indecision at $90K

The past week delivered a mixed message for cryptocurrency traders, as Bitcoin rallied toward $94K resistance but ultimately retreated to close at $90,891 on Sunday—a level near the current $88.71K price point. The weekly close formed a doji candle, a candlestick pattern that closes near its opening price and typically signals indecision between buyers and sellers. This doji candle pattern is crucial because it arrived after bulls had pushed aggressively higher, suggesting their momentum may be waning just as bears prepare to reassert control.

The Doji Candle Pattern and Its Market Implications

Sunday’s doji candle closing tells a compelling story: despite reaching toward the $94K resistance zone, sellers emerged with enough force to reverse gains and close near the open. This is the hallmark of a doji candle—when neither side manages to establish clear control, the candle’s small body indicates a potential inflection point. The long upper wick of the doji candle reaching toward $94K reveals where selling pressure materialized. For technical traders, this formation often precedes directional moves, and combined with weakening bull momentum, the bias currently favors further consolidation or downward pressure.

The doji candle’s emergence after sustained bullish attempts is particularly meaningful. It signals that the $94K level continues to act as a formidable barrier, and bulls lack the follow-through conviction needed to establish a sustainable breakout above this resistance.

Mapping the Support and Resistance Terrain

The technical landscape is defined by several critical levels that will determine Bitcoin’s direction:

Upside Resistance Zones: The immediate overhead resistance sits at $91,400 for the short-term timeframe. The $94,000 level remains the primary resistance that has repeatedly rejected rallies. Should bulls muster strength to breach $94K, a secondary resistance zone extends from $98,000 to $103,500. Above that lies another barrier from $106,000 to $109,000, which aligns with the 0.618 Fibonacci retracement derived from the decline from the prior peak down to $80,000.

Downside Support Zones: Bulls will defend the $87,000 level as the first line of defense should sellers press lower. The $84,000 support remains strong but will weaken under prolonged pressure. Should $84,000 breach, Bitcoin would accelerate toward the low $70,000s, with a close below $68,000 required to fully invalidate this support zone. Further below, bulls anticipate a bounce opportunity at the 0.618 Fibonacci retracement level near $58,000.

The Week Ahead: A Battle for Direction

Sellers appear positioned to test the downside early this week, targeting the $87,000 support level. The question becomes whether bulls can hold this floor—a failure would threaten the $84,000 support and potentially trigger the acceleration lower that bears envision.

For bulls to regain momentum, they need to accomplish a specific task: close above $94,000. Until that threshold is breached, the prevailing trend favors caution. Bears, conversely, will attempt to engineer a daily close below $87,000 to weaken the $84,000 support and set up a deeper move toward $70,000.

The current market sentiment tilts bearish. The doji candle has dampened bullish enthusiasm, and sellers have gained slight initiative to begin this week. However, the outcome remains genuinely uncertain—Bitcoin is not decisively trending in either direction yet.

The Neutral Trading Zone

Between $94,000 and $84,000 lies a neutral zone where bulls and bears will battle back and forth. Neither side currently possesses firm control until one of these boundaries breaks decisively. This range-bound environment may persist for several weeks ahead. For breakout traders, patience is essential: wait for a close above $94,000 to signal upward momentum is building, or wait for a close below $84,000 to confirm a downward break and capitulation.

The volatility within this $10,000 range ($84K–$94K) will likely define price action. Each bounce within the zone presents bulls with a chance to mount a challenge, while each retest at highs offers bears an opportunity to press their advantage.

Key Takeaways

The doji candle’s appearance signals a critical juncture. Bitcoin buyers face a make-or-break moment—they must prove they can sustainably close above $94,000 to establish upside momentum. Meanwhile, sellers need to breach $84,000 to trigger acceleration lower. Until one of these scenarios materializes, traders should expect choppy, range-bound price action with multiple tests of the $87,000 and $94,000 zones.

The next few weeks will be defined by which side can finally break this deadlock and establish directional control over price action.