Bitcoin Approaches $90K Resistance: What's Next? š
Bitcoin briefly surged past $90,000 on Monday, encountering resistance before pulling back towards $88,000. This movement highlights critical price levels as year-end trading intensifies. š
Futures markets show a significant rise in open interest, nearing $60 billion. This increased leverage suggests potential for amplified price swings, indicating heightened volatility in the short term. š
Traders are closely watching upcoming U.S. economic data for fresh catalysts. While a year-end "Santa Claus rally" remains a possibility, macroeconomic uncertainties warrant a cautious outlook. š
