Bitcoin Price Analysis: Bulls Cling to $90,000 Support as Bull Flag and Ascending Triangle Formations Take Shape
Bitcoin is struggling with the $90,000 support zone within a larger bull flag and ascending triangle, with the Stochastic RSI oversold and a breakout or breakdown looming. The cryptocurrency has repeatedly defended the $90,000 horizontal support, failing to close intraday wicks below this level, leaving the short-term bull flag intact. According to a technical analysis published by CryptoDaily on January 9, 2026, Bitcoin (BTC) held above the $90,000 support level on Thursday despite downward pressure.
The cryptocurrency maintained its horizontal support level throughout Thursday’s trading session, with price fluctuations indicating an attempt to break below the level but ultimately failed to hold, the analysis said. After testing support, the price moved higher to horizontal resistance before facing rejection. 
The daily and weekly charts show a confluence of a bull flag and a green ascending triangle, with a breakout path targeting higher resistance after a likely break at a round number.
Key Support Levels and Trendlines
On Friday morning, Bitcoin price had returned to test the controversial support level. Technical analysts noted that if the support does not hold, the next potential target could be a key trend line combined with another horizontal support level. Daily timeframe analysis showed that price fell to the bottom of a bull flag pattern on Friday morning and broke below the horizontal support level. The move raised questions about whether price would continue to decline to the main trendline, potentially invalidating the formation of the bull flag.
According to the analysis, technical indicators showed that the short-term stochastic RSI values had made lows over multiple time frames, suggesting that potential bullish momentum in the price could be developing. The Stochastic RSI has bottomed on shorter time frames, suggesting a possible uptrend, but a clear break below around $90,000 could send BTC to a deeper trendline retest. Weekly chart analysis suggested that the price had recovered and returned to the support level.
Breakout and Resistance Levels
The analysis identified a green ascending triangle pattern as an important formation to monitor. Technical analysts noted that a breakout of this pattern could provide a path to a key horizontal resistance level. In the event of a breakout over the weekend or next week, price could pause at round number levels before testing key resistance levels that would determine whether the upward move represents sustained momentum or a temporary rally within a broader downtrend. According to market data, Bitcoin was trading at around $90,000 on Friday morning.
For more information on Bitcoin’s price analysis and the latest market trends, visit https://crypto.news/bitcoin-bulls-cling-to-90k-as-key-support-holds-inside-bull-flag/
