💥 Bitcoin at $90K: Can It Hold?
Bitcoin climbed from $88K to over $90K during Asian & European hours on Monday. Looks strong, but the real test comes when U.S markets open. Over the past weeks, BTC often gains early support , then loses momentum once American traders enter .
U.S session is crucial. Previous pushes above $90K often reversed as traders booked profits or hedged, causing big liquidations.
Open interest in Bitcoin futures is rising, meaning more leverage is in play — traders aren’t just buying Bitcoin, they’re betting with borrowed money.
⚠️ Risk for bulls: If the rally isn’t backed by real spot demand, even a small stall could trigger fast pullbacks. Holding $90K in U.S trading is key. If it holds , it could break the sell-on-open pattern and signal a stronger rally .
