Bitcoin moved lower in intraday trading as a short-term pullback continued. The current focus is on whether important support levels can hold after the recent rally.
The latest move follows a strong rise from late December, which had already met expectations for a short-term bounce before a pause.
Short-Term Correction Still Playing Out
Bitcoin is currently in what appears to be a short-term corrective phase after climbing sharply from its December 31 low. The pullback was widely expected after the fast move higher earlier this month and does not yet signal a broader trend reversal.
So far, the decline looks orderly, hinting at consolidation rather than panic selling.
Support Levels Under Watch
Prices are now testing an important support zone between $90,400 and $90,800. A decisive break below this area would increase the risk of a deeper move toward late-December lows.
For now, Bitcoin remains above those levels, keeping the broader recovery structure intact. Small moves below individual technical levels are still considered acceptable within a normal pullback.
Sideways Trading Possible Before Next Move
The current phase could last several days, with Bitcoin potentially moving sideways as the market looks for direction. Similar pauses have occurred earlier in the rally and helped reset momentum before further advances.
There is also the possibility of choppy price action, which often appears during these consolidation periods.
Upside Still Open if Resistance Breaks
On the upside, a clear move above $94,850, the recent weekly high, would mean the pullback has ended. In that case, Bitcoin could target the $97,000 to $98,000 range.
Until then, price action is expected to remain sensitive to support levels, with traders watching closely for signs that the market has found a short-term low.
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