BTC faces resistance as the $126K trendline restricts upside

Bitcoin Fails to Break $90K as Trendline Resistance Holds

Bitcoin (BTC $87,244.29) ran into resistance Monday, falling back below $88,000 after a late-year attempt to regain momentum.

The barrier is a descending trendline drawn from October’s record high above $126,000, linking peaks from subsequent recoveries, including the $116,400 high. This trendline blocked Monday’s push above $90,000, reinforcing the “staircase-down” pattern that has defined BTC through the fourth quarter. Another “lower high” signals renewed selling pressure and stalled momentum toward the six-figure level.

Near-term support is now eyed at $84,000–$84,500, followed by the November low near $80,000.

A sustained breakout above the trendline is necessary to revive bullish momentum. If BTC clears this resistance, particularly with a weakening dollar index, gains could accelerate toward $100,000.