Bitcoin (BTC) has the highest level since early April 22, exceeding $ 89,000 in early April, and has gained buoyancy due to strong branch demand during the US trading time on April 21. However, recovery has been seriously difficult to break over $ 90,000 as the sales side liquidity interferes.
Bitcoin prices face stiff resistance in the rise.
According to the data from COINTELELEGRAPH Markets Pro and TradingView, the price has been steadily moving to $ 89,000 for the last six hours, and the question has been questioned whether the $ 90,00 barrier will be provided.
In the April 22 post of X, “BTC is closing the large $ 90 -91K horizontal area, which has acted as a low area of the previous range.”
The merchant explained that the price swept $ 89,000 when the price was integrated below. The 200 -day simple moving average (SMA) is now located just above this level to strengthen its importance.
DAAN CRYPTO Trades said the price must overcome these barriers to check the failure.
“There are almost a few resistance, but a few percent of the movements move, everything and the chart looks pretty good. The bull knows what to do.”
The key to breaking the price of Bitcoin is $ 91- $ 92K.
Meanwhile, Julio Moreno, the research director of Cryptoquant, said that the price of the trader was the actual test of the Bitcoin bull.
relevant: Bitcoin risk 10% -15% BTC price is priced after major rejection of $ 89K
According to Moreno, the realization price of merchants generally acts as a resistance to Bitcoin’s current situation when the encryption market is weak.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.