On Bitcoin 🟢$BTC

Over the weekend, as expected, we experienced a sideways movement with dominant selling pressure. As a result, we dropped down to $88,000, from where a local reversal occurred today, and we are currently observing an attempt to buy back and return above $90,000.

For further progress towards our key liquidity around $94k, we first need to successfully establish ourselves above $90,000 with a daily candle. This will confirm the continuation of growth up to the next significant resistance level. Meanwhile, as we are still trading below, it's best not to rush into bullish positions, as we might be pushed around a bit longer in this sideways channel.

BTC

87,451.21

+2.00%