Bitcoin price analysis (Neutral) — 90560.89 USDT (-0.81% 24h)

Bitcoin is currently trading at $90,560, showing modest weakness with a 0.81% decline over the past 24 hours. The price sits below both the 20-day SMA ($91,110) and 50-day SMA ($91,247), indicating near-term bearish pressure. However, the RSI reading of 47.5 suggests the asset is approaching oversold territory but hasn’t reached extreme levels yet. Trading volume remains robust at $1.6 billion, signaling continued institutional interest despite the price dip. The current volatility of 2.26% presents both risk and opportunity for traders. For short-term positions, consider waiting for a confirmed break above the 20-day SMA before entering long positions. Alternatively, a drop below $89,000 could signal further downside toward support around $87,500. Medium-term investors might view this pullback as a potential accumulation opportunity given the healthy volume and neutral RSI conditions.