Bitcoin price rejected at $90K again: What will trigger a breakout?
Heavy outflows from Bitcoin ETFs have diminished, putting BTC price in a better position to overcome the next hurdle at $93,000.
Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000.
Key takeaways:
BTC bulls must flip the $90,000-$93,000 range into new support.