Bitcoin Tests $93.5K Again: Here’s Why This Time Could Be Different
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Bitcoin is approaching a key resistance level near $93,500, with traders watching for a breakout. After several tests of this range, recent movements show reduced selling pressure, raising the possibility of further upside.
Repeated Tests Weaken Resistance
Bitcoin has been testing the $93,500 level multiple times. Each time, the asset has pulled back less than before. The first rejection from this level saw a drop of 14%, the second about 10%, and the most recent test has shown minimal rejection. These smaller pullbacks suggest that sellers are starting to lose control.
In This News
Coins
$ 92.29K
-1.25%Share:
In This News
Coins
$ 92.29K
-1.25%Share:
Read More
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Bitcoin Tests $93.5K Again: Here’s Why This Time Could Be Different
Share:
Bitcoin is approaching a key resistance level near $93,500, with traders watching for a breakout. After several tests of this range, recent movements show reduced selling pressure, raising the possibility of further upside.
Repeated Tests Weaken Resistance
Bitcoin has been testing the $93,500 level multiple times. Each time, the asset has pulled back less than before. The first rejection from this level saw a drop of 14%, the second about 10%, and the most recent test has shown minimal rejection. These smaller pullbacks suggest that sellers are starting to lose control.
In This News
Coins
$ 92.29K
-1.25%Share:
In This News
Coins
$ 92.29K
-1.25%Share:
Read More
Here’s Bitcoin’s Next Big Target After $93K Breakout Attempt