Bitcoin / TetherUSUpdated BTCUSDT Consolidation Before a Potential Breakout
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.