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Bitcoin’s New Year rally falters near critical price support
BTC is on the cusp of plunging below the $90,000 level as bullish enthusiasm fades.
- Failed rally. Bitcoin has failed to hold above $90,000 three separate times since November 2025.
Bitcoin bulls started the year on a high note, pushing the flagship cryptocurrency to nearly $95,000. However, the rally quickly faded.
The flagship coin is now on the cusp of losing the make-it-or-break-it $90,000 level once again. Bitcoin has failed to hold above the critical $90,000 level three distinct times since November 2025.
- Bearish sentiment. Traders increasingly view the New Year rally as a bull trap rather than a true trend reversal.
The current despair among bulls is driven by the…
