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Bitcoin price rejected at $90K again: What will trigger a breakout?
Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000. The BTC/USD dropped into a new range between $86,000 and $90,000, where it has been stuck since Jan. 20. “Bitcoin is back to retesting $86,000-$87,000 range,” co-founder of Crypto India Aditya Singh said in a recent post on X, adding that the key support for Bitcoin is the 100-week moving average at $87,500. The chart below shows that the main resistance sits between the 50-day simple ... (full story)
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