Bitcoin price started a recovery wave above $89,500 but failed above $90,000. 
BTC is declining and might dip further if it breaks $88,000. Bitcoin failed to 
remain above $90,000 and started another decline. The price is trading above 
$88,200 and the 100 hourly simple moving average. There is a rising channel 
forming with support at $88,100 on the hourly chart of the BTC/USD pair (data 
feed from Kraken). The pair might dip further if it trades below the $88,000 
and $87,500 levels. Bitcoin Price Faces Rejection Bitcoin price remained 
stable above the $88,000 support. BTC formed a base and recently started a 
recovery wave above the $88,500 level. The price climbed above the $89,000 and 
$89,500 levels. There was a move above the 76.4% Fib retracement level of the 
downward move from the $91,098 swing high to the $86,007 low. The bulls even 
pushed the price above $90,000 but they failed to keep the price in a positive 
zone. There was a fresh decline below $89,000. Bitcoin is now trading above 
$88,200 and the 100 hourly simple moving average. Besides, there is a rising 
channel forming with support at $88,100 on the hourly chart of the BTC/USD 
pair. If the price remains stable above $88,000, it could attempt a fresh 
increase. Immediate resistance is near the $89,150 level. The first key 
resistance is near the $89,800 level. A close above the $89,800 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $90,250 resistance. Any more gains might send the price toward 
the $91,200 level. The next barrier for the bulls could be $92,000 and 
$92,500. Another Rejection In BTC? If Bitcoin fails to rise above the $89,150 
resistance zone, it could start another decline. Immediate support is near the 
$88,200 level. The first major support is near the $88,000 level. The next 
support is now near the $87,200 zone. Any more losses might send the price 
toward the $87,000 support in the near term. The main support sits at $86,000, 
below which BTC might struggle to recover in the near term. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 
level. Major Support Levels – $88,200, followed by $87,000. Major Resistance 
Levels – $89,150 and $89,800.

Bitcoin Price Backs Off Resistance — Breakdown Or Brief Pause?

Bitcoin’s next major move hinges on central bank balance sheets, with Arthur 
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distortions could mechanically lift crypto prices regardless of short-term 
sentiment. Arthur Hayes Links Bitcoin Upside to Central Bank Balance Sheet 
Growth Arthur Hayes, co-founder of crypto exchange Bitmex and chief investment 
officer at […]

Arthur Hayes Outlines Conditional Bitcoin Bull Case Tied to Fed Balance Sheet

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AI and autonomy advancements, while influencing global tech dynamics.
The post Musk says Tesla needs to build its own chip factory to avoid 
constraints and secure future AI growth appeared first on Crypto Briefing.

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Ethereum is attempting to reclaim the $3,000 level as the broader crypto 
market remains trapped in a phase of uncertainty and uneven conviction. Price 
action suggests buyers are willing to defend key support zones, yet momentum 
remains fragile, with rallies struggling to extend meaningfully. This 
hesitation is occurring against a backdrop of elevated leverage and unstable 
derivatives behavior, which continues to shape short-term market dynamics. 
Related Reading: XRP Derivatives Reset: Open Interest Drops Nearly 60% From 
July Peak A recent report from CryptoQuant highlights a growing source of risk 
beneath the surface. Ethereum’s Estimated Leverage Ratio on Binance remains at 
a record high, with the 7-day simple moving average holding around 0.632. This 
indicates a heavy concentration of leveraged positions, leaving the market 
increasingly sensitive to sudden price swings and liquidation events. In 
parallel, order-flow data points to erratic trader behavior, reinforcing the 
view that the current structure lacks balance. The Taker Buy Sell Ratio 
illustrates this instability clearly. On January 25, the metric fell to 0.86, 
its lowest reading since September, signaling strong taker sell dominance. 
Shortly after, it rebounded sharply to 1.16, the highest daily level since 
February 2021, reflecting aggressive market buying. Such abrupt reversals 
underscore a market driven more by short-term positioning than by sustained 
directional confidence. Ethereum Consolidates as High Leverage Amplifies 
Volatility Risk The report explains that this abrupt shift in taker behavior 
is unfolding while Ethereum price action remains structurally weak. After 
failing to break above the $4,800 all-time high, ETH entered a prolonged 
corrective phase and is now consolidating near the $2,800 support zone. This 
level has become a short-term pivot, repeatedly absorbing selling pressure but 
failing to generate sustained upside momentum. The lack of follow-through 
highlights a market caught between defensive buyers and aggressive short-term 
traders. What makes this phase particularly sensitive is the interaction 
between price compression and elevated leverage. With Ethereum’s Estimated 
Leverage Ratio still near record highs, even modest price moves can trigger 
outsized reactions in the derivatives market. Rapid reversals in the Taker Buy 
Sell Ratio reinforce this fragility, signaling that positioning is flipping 
quickly rather than building in a stable, directional manner. Such conditions 
often precede sharp expansions in volatility rather than orderly trends. Under 
this setup, Ethereum appears highly dependent on a clear external or internal 
catalyst. Without a decisive shift in macro conditions, spot demand, or 
network-specific developments, price action is likely to remain reactive. 
Until conviction emerges on either side, the combination of high leverage and 
unstable order flow keeps the risk of sudden liquidations elevated, increasing 
the probability of abrupt and disorderly price movements around key technical 
levels. Related Reading: Bitcoin Derivatives Pressure Hits 30-Day Extreme, 
Price Refuses To Break Price Action Details: Testing Critical Resistance 
Ethereum’s price action reflects a market caught between stabilization and 
unresolved downside risk. On the daily chart, ETH is trading near $3,000 after 
several failed attempts to reclaim higher levels, highlighting this zone as a 
key psychological and technical pivot. Price remains below the 50-day and 
100-day moving averages, both of which are sloping downward, reinforcing the 
idea that short- to medium-term momentum is still fragile. The 200-day moving 
average sits higher, near the mid-$3,500 area, acting as a clear marker of the 
broader trend deterioration since ETH failed to hold above $4,000. Related 
Reading: Bitcoin Breaks Below $87K As Political Risk Spikes – Liquidations 
Reveal The Real Driver ETH has transitioned from a strong impulsive uptrend 
into a wide consolidation range, bounded roughly between $2,800 and $3,400. 
The recent bounce from the lower end of this range suggests that buyers are 
still defending the $2,800 support zone, but volume remains muted compared to 
prior selloffs, indicating a lack of strong conviction on either side. Each 
rally attempt has so far produced lower highs, consistent with a corrective or 
distributional phase rather than a renewed trend. As long as ETH holds above 
$2,800, the market can argue for consolidation and base-building. However, a 
sustained break below that level would expose the downside toward the 
$2,500–$2,600 region. Conversely, reclaiming the $3,300–$3,400 area would be 
required to meaningfully improve the technical outlook. Featured image from 
ChatGPT, chart from TradingView.com

Cryptocurrency price in INR