Taker-Driven Dumps Cool Off As Bitcoin Shows Early Signs Of Recovery – Analyst 📉
Bitcoin is currently facing renewed selling pressure as it attempts to break through the $90,000 level. Sellers have been defending this level vigorously, preventing any breakout and consequently stalling the recent bullish momentum Bitcoin has experienced. Over the past few days, this increased selling pressure has limited the upside potential for BTC, dragging it into a period of consolidation below key resistance levels.
This situation has caused concern among market analysts, with some issuing warnings about potential further downturns. The ongoing defense of the $90,000 level by sellers has proven to be a significant hurdle for Bitcoin, highlighting the challenges it faces in maintaining its upward trajectory in the current market climate.
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