Bitcoin ( $BTC ) breaks through $90,000... the next resistance level is $93,753.

Bitcoin (BTC) price is once again showing an upward trend, boosting market investors’ expectations. Rising 1.16% in the past 24 hours and breaking through $90,858 (approximately 133.45 million KRW), Bitcoin has crossed the short-term resistance line, indicating further upside potential.

According to TradingView charts, based on the 1-hour candlestick, strong buying has entered after Bitcoin broke through the strong resistance line near $90,000. Analysts predict that if buying continues, it may reach $92,000 (about 135.22 million KRW) within the day. The current market price is around $91,486 (about 134.45 million KRW).

From a longer-term perspective, for major resistance levels, $93,753 (about 137.78 million KRW) is the primary focus. Some analysts point out that if this level is breached, Bitcoin could quickly rise in the short term to the $96,000–$100,000 range (about 141.25 million–147.04 million KRW) based on previously accumulated momentum. However, current trading volume shows a recent downtrend, so it’s also likely to consolidate within a certain price range without a clear direction.

These technical analyses suggest that there may be a period of adjustment in the mid-term. Bitcoin is currently fluctuating between important support and resistance lines, waiting for a clear turning point.

This analysis shows that Bitcoin still plays a “leading” role in the cryptocurrency market. However, the decline in trading volume indicates that investors may have shifted to profit-taking or a wait-and-see attitude. This also leads the market to interpret that a full trend reversal will take some more time.

Article summary by TokenPost.ai

🔎 Market Interpretation

Bitcoin continues to hit new short-term highs, approaching the “psychological resistance line.” Whether it can break through $100,000 depends on whether it can surpass the next resistance line near $93,753.

💡 Strategy Highlights

If the short-term target price is reached, it may be considered a partial profit-taking zone. In the mid-term, given the trading volume situation, it is crucial to capture additional buying opportunities during price consolidation.

📘 Terminology Explanation

Resistance line: The level where the price may stop rising or pull back during an uptrend.

Consolidation: A state where the price fluctuates within a certain range without forming a clear direction.

TP AI Notes

This article was summarized using a language model based on TokenPost.ai. The main content of the original article may be omitted or may differ from the facts.