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Bitcoin Price Analysis: BTC Targers $90K Again – Breakout Incoming or Another Rejection?


Bitcoin Price Analysis: BTC Targers $90K Again – Breakout Incoming or Another Rejection?

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Bitcoin continues to grind sideways below the $90K level, showing signs of compression after weeks of chop. While there has been no significant bullish breakout yet, the price is pressing against key local resistances. Buyers are trying to reclaim control, but the lack of follow-through makes this a pivotal area to watch.

Bitcoin Price Analysis: The Daily Chart

On the daily chart, BTC remains trapped within a descending channel, testing the upper boundary once again near the critical $90K level. The 100-day and 200-day moving averages located above $95K act as major dynamic resistance levels, and buyers have yet to reclaim them.

Read the article at CryptoPotato

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$ 63.07K

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In This News

Coins

$ 63.07K

+0.40%

$ 0.00166

Predictions Markets

See what traders are focused on

View analytics →
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Share:

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