Bitcoin Climbs off the Mat. Can It Hold Onto $90K?

Being from Philadelphia, I have a natural (and perhaps overzealous) affinity for Rocky Balboa, Sylvestor Stallone's character in the eponymous franchise. Much like the fighter’s character arc throughout the series, bitcoin may no longer be an underdog. After all, the asset is still worth $1.73 trillion. 

Of course, it still takes a beating from time to time — most recently absorbing some massive blows starting with Black Friday on 10/10.

But like every time before, bitcoin is able to get off the mat. The recovery is not always smooth or quick, but in the end it happens.

And we are finally starting to see some green shoots even while investor angst is still heightened.

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Bitcoin Climbs off the Mat. Can It Hold Onto $90K?

Bitcoin and the crypto industry have been battered over the past two months, but the market is now showing early signs of stabilization.

After threatening to fall below $80K last week, BTC is now around $90K and showing technical signals that suggest the worst may be over.

Bitcoin's Relative Strength Index (RSI) dropped to 23 (deep oversold territory) before recovering to 30.97. The asset successfully defended the critical $80,000 support level that aligns with April lows.

The MACD blue line is now curling upward toward the signal line, the first indicator of easing downward momentum.

The full investigation reveals:

• Mixed macro signals’ impact on Bitcoin price

• Which wallet cohorts capitulated last week while whales accumulated

• How spot bitcoin ETF outflows slowed after hitting nearly $4 billion

• Probable impact of Fed's end to quantitative tightening on crypto

This is the kind of deep investigation that flags hidden risks and regulatory shifts before they affect your portfolio, helping you spot opportunities others miss.