3 reasons why Bitcoin price can’t take out the $90K resistance level
A top-heavy market, decreasing liquidity, and the absence of new buyers are keeping Bitcoin price pinned below $90,000.
Since reaching a weekly high of $88,752 on March 24, Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame chart.
As the end of the week approaches, Bitcoin price has failed to break above the $88,000 resistance, reducing the chance for a $90,000 retest before the end of Q1.
Bitcoin 1-hour chart. Source: Cointelegraph/TradingView
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
