study time: < 1 minutes
According to the available market data, the most stubborn resistance in front of the price of Bitcoin (BTC) is now seen in the range of $93,000. A break through this range could lead the price towards the heavy liquidity zone at $98,000, where there are many sell orders remaining from last weeks.
On the other hand, in-network indicators show the improvement of buyers’ situation. Cryptocurrency platform data shows that the selling pressure in the spot market has decreased and the order flow has reached a balance. Also, the clearing of leveraged positions has provided space for the entry of new capital, which indicates the health of the market.
The continuation of Bitcoin’s upward trend now depends on breaking the $93,000 resistance. If the buyers succeed in conquering this resistance, the path will be paved to touch the $98 and $100,000 targets again. However, the possibility of a temporary correction up to $88,000 to attract liquidity is not out of the question.
Cointelegraph
Latest Passing over countries : Spain | Dominica | United Arab Emirates
RCO NEWS
