BTCUSDT Consolidation Before a Potential Breakout
Updated
Bitcoin's price action has remained confined within a defined range, currently consolidating around $90,700. This sideways movement suggests a period of indecision as market participants await a clearer direction. The price is supported by the moving averages, but multiple rejections at resistance levels indicate strong selling pressure above $91,000.
A breakout above this resistance could signal a bullish continuation toward $93,000, while a failure to hold current support may result in a bearish move toward the $89,500 level.
A breakout above this resistance could signal a bullish continuation toward $93,000, while a failure to hold current support may result in a bearish move toward the $89,500 level.
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