Bitcoin Price Prediction: Descending Trendline Keeps Pressure On Buyers Into January 4

• Bitcoin remains below a key descending trendline and stacked EMAs, keeping the broader structure corrective rather than bullish.
• Persistent spot outflows through December show sellers still active, with only brief stabilization signals so far.
• A breakout above $91,500 is needed to shift momentum, while a drop below $88,500 risks renewed downside.

Bitcoin price today trades near $89,950 as January opens with the market locked beneath a declining trendline that has capped every rebound since mid-November. The structure reflects stabilization, not recovery, with sellers still controlling the higher-timeframe tape while buyers struggle to reclaim lost momentum.

Trendline And EMA Rejections Keep Structure Defensive

On the daily chart, Bitcoin continues to trade below its 20, 50, 100, and 200-day EMAs, currently stacked betw…

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