Bitcoin is once again struggling to sustain gains near the $89,000 level, as a recurring pattern of sell pressure during US trading hours continues to cap upside momentum. After slipping below $85,000 late Thursday, the largest cryptocurrency rebounded during Asian and European trading, briefly pushing above $89,000 before encountering renewed resistance as US markets opened. The repeated failure to hold above this level has defined price action throughout the week, with rallies often fading within hours. As markets head into a pre holiday period, bitcoin has settled into a narrow range, reflecting caution among traders amid choppy liquidity conditions and persistent profit taking during US sessions.
Broader crypto markets showed signs of stabilization alongside bitcoin’s recovery attempt. Ether rebounded toward the $3,000 level, while Solana and Sui led gains among major alternative tokens after sharp declines earlier in the week. The rebound coincided with strength in US equity markets, where technology stocks posted solid gains, improving overall risk sentiment. That backdrop has supported crypto linked equities, with several digital asset related firms posting advances as investors responded to improved equity market momentum. Despite the bounce, traders remain focused on whether bitcoin can establish a decisive break above recent resistance or whether the pattern of overnight strength followed by US selling will continue.
Crypto exposed stocks also moved higher in the session, reflecting their close correlation with broader market sentiment. Shares of firms tied to bitcoin and ethereum treasuries advanced alongside the rebound in digital assets, while mining and infrastructure related companies benefited from both equity market strength and company specific developments. Strategy, the largest corporate holder of bitcoin, saw its shares rise in line with the underlying asset, while other crypto focused firms posted moderate gains. The session reinforced how closely digital asset prices remain linked to US market flows, with bitcoin’s near term direction likely dependent on whether buyers can absorb recurring sell pressure during peak trading hours.
