Bitcoin Under Coin Bears' Siege: Is the $90K Floor Under Threat?

As of March 5, 2026, Bitcoin is currently struggling near $72.42K, marking a significant retreat from recent levels. The crypto coin bears are showing no signs of letting up, with the BTC market experiencing considerable selling pressure. The latest data shows Bitcoin has gained 0.82% over the last 24 hours, though the overall market sentiment remains cautious. With 24-hour trading volume at $1.45B, the liquidity conditions reflect the ongoing tension between bulls and coin bears fighting for control.

The Fear and Greed Index continues to hover in fearful territory, signaling that market participants remain wary of further downside risks. Bitcoin’s dominance sits at a notable level, yet the constant rejections and pullbacks are testing the resolve of buyers. The coin bear narrative has strengthened, particularly as technical indicators flash concerning signals about the near-term direction of the world’s largest cryptocurrency.

Market Pressure Mounts as Coin Bears Dominate

Bitcoin opened today’s session around $73.5K before gradually sliding as selling pressure intensified throughout the trading session. The $90K support level that once seemed formidable now faces renewed scrutiny as coin bears maintain their grip. The asset’s recent price action confirms that despite occasional relief bounces, the bears continue to have the upper hand.

What makes this sell-off particularly noteworthy is the relatively calm capital outflows—the market isn’t experiencing panic liquidations, but rather a steady, methodical pressure from coin bear traders. This controlled downside often proves more dangerous than sharp crashes, as it can persist longer and eventually force out holders who believed in support levels that ultimately fail to hold.

Technical Signals Flash Bearish Red: How Indicators Confirm Coin Bear Control

When examining the technical landscape, the bearish case becomes even more compelling. The MACD (Moving Average Convergence Divergence) indicator remains firmly below the zero line, with both the MACD line and signal line pointing downward. This configuration is textbook bearish momentum, suggesting that coin bears maintain structural control over the price action. Bitcoin trades below its longer-term moving average, which reinforces the downtrend narrative.

The Chaikin Money Flow (CMF) indicator reads at subdued levels, pointing to consistent outflows favoring coin bear positions. While the outflows aren’t catastrophic, they reflect a steady preference for selling over buying—a classic sign of coin bear dominance in the accumulation/distribution phase.

Perhaps most concerning is Bitcoin’s Relative Strength Index (RSI), which has dipped into deeply oversold territory. This extreme reading suggests intense selling pressure has driven the asset to levels where capitulation typically occurs. In oversold conditions, the coin bears have essentially “woken up” the market, forcing weak holders to exit positions.

The Bull Bear Power indicator further confirms the coin bear thesis, showing significant negative readings that indicate sellers are overpowering recovery attempts. Unless this indicator reverses back into positive territory, the downtrend is likely to extend further, potentially testing support levels below the $71K mark.

What Could Reverse the Coin Bear Narrative?

A genuine reversal would require sustained buying pressure that brings the MACD back above zero and stabilizes the RSI above 30. Should Bitcoin close decisively above $73K with volume confirmation, it might signal that coin bears are exhausting their selling momentum. The next resistance zone sits near $74K—a level that, if reclaimed, could begin to shift market sentiment.

However, coin bear traders appear well-positioned and patient, suggesting that any bounce remains vulnerable to further selling. The $90K level that seemed so critical weeks ago now feels like a distant memory as the coin bears continue their methodical assault on buyer confidence.