Bitcoin (Btc) rallied above $ 89,000 on April 22, its highest level since early March, strengthened by the powerful demand of the area during the US trading time on April 21. Recovery, however, faced a serious challenge of destroying above $ 90,000 while the sale of liquidity had blocked the road.
Bitcoin’s price faced with hard resistance to upside down
Data from Cointelegraph Markets Pro and Tradingview It is shown that the price continues to move to the $ 89,000 level in the last six hours, leading to questions about whether the barrier to $ 90,00 will finally give up.
“The BTC closes the large $ 90 K- $ 91 K Horizontal area to act as a previous low range,” Says Famous entrepreneurs Daan Crypto is trading in a post on April 22 at X.
The entrepreneur explained that the price had removed the level of $ 89,000 as it was combined -included below it. Note that the 200-day simple moving average (SMA) is currently located just above this level, strengthening its importance.
Daan Crypto Trades said the price had to overcome these obstacles to confirm a breakout.
“It’s a bit of a close objection, but some moves percentage and you’ll ruin it all, and the chart looks good. The bulls know what to do.”
The bitcoin price of breaking $ 91- $ 92k is a priestly analyst
Meanwhile, Cryptoquant’s research leader, Julio Moreno, Says That entrepreneurs realized the price between $ 91,000 and $ 92,000 was the real test for bitcoin bulls.
Related: Bitcoin risk 10% -15% BTC price dip after key rejection near $ 89k
According to Moreno, the realized price of entrepreneurs usually acts as a resistance when the crypto market is bearish, which is the current situation of Bitcoin.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
