Bitcoin Price Prediction: BTC Hits $92K Despite Trump’s Action On Venezuelan President Maduro

The Bitcoin price edged up over 1.3% in the past 24 hours to trade at $92,521 as of 3:17 a.m. EST on trading volume that surged 39% to $37.8 billion.

The price surged despite the caution over the aftermath of a US offensive against Venezuela, which led to the capture of President Nicolas Maduro, and he will now likely face legal action in a US court.

US President Donald Trump said that his administration will “run” Venezuela until a new leader is elected, and that he would open up the Latin American country’s oil industry.

The attack drummed up demand for safe-haven assets, with gold and the dollar both seeing strong bids.

As the attack was condemned mainly but accepted by some world leaders, data showed that Venezuela’s Maduro regime had amassed a reserve worth over $60 billion in BTC and USDT since 2018.

The crypto space has seen a slight surge in 2026, as investors nurse the last quarter’s losses, which saw BTC drop to around $81,000 from an all-time high of $126,240.

Bitcoin Price Holds Key Support – Consolidation Signals Potential Recovery

The BTC price is showing signs of stabilization after a corrective move, as BTC continues to trade above a critical Fibonacci support zone near $91,400, while holding above the long-term 200-period Simple Moving Average (SMA) on the 3-day timeframe.

This consolidation comes after Bitcoin experienced a strong rally that pushed the price toward a cycle high near $126,500, followed by a healthy pullback as profit-taking set in across the market.

The recent decline was accelerated when BTC fell below the 50-period SMA ($104,000), shifting short- to mid-term momentum bearish and signaling a corrective phase rather than a full trend reversal.

As the pullback deepened, the Bitcoin price retraced through multiple Fibonacci levels, with the 0.618 Fibonacci retracement at $91,427 acting as a key demand area. Buyers have stepped in aggressively at this level, preventing a deeper retracement toward the 0.786 Fib near $83,700.

This support zone has allowed the price of BTC to form a base, with the asset now consolidating between the 0.618 and 0.5 Fibonacci levels, a region often associated with trend continuation in strong markets.

The Moving Average Convergence Divergence (MACD) is beginning to show early recovery signals. While the MACD lines remain below the neutral level, the histogram has flipped green, indicating that bearish momentum is weakening and buyers are slowly regaining control.

Meanwhile, the Relative Strength Index (RSI) sits around 46, below the 50 midline but curling upward. This suggests neutral-to-bearish momentum, with no signs of oversold conditions, consistent with consolidation rather than panic selling.

BTC Price Prediction

Based on the BTC/USD chart analysis on the 3-day timeframe, the BTC price appears to be in a consolidation phase within a broader bullish market structure, as the price continues to hold above the 200-day SMA near $89,994.

If buyers manage to push BTC above the 0.5 Fibonacci level at $97,276, the next key resistance lies around $104,000, within the 50-day SMA. A successful reclaim of this SMA could open the door for a recovery toward $112,000 and potentially the previous high near $126,500.

On the downside, failure to hold the $91,400 support could invite further selling pressure, exposing the Bitcoin price to a deeper retracement toward the 0.786 Fibonacci level around $83,700, which would act as the next major cushion against downside risk.