#BTC BTC is attempting to break through the resistance zone of $92,000 to $93,000 after the recent Rebound. Frankly, there is a key decision point in the price action: Are buyers trying to establish buying momentum? From the chart, the range of $92,000 to $93,000 (in red) has strong resistance, which previously prevented the price pump. Any failure to break above this area will further intensify the downward pressure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC BTC is attempting to break through the resistance zone of $92,000 to $93,000 after the recent Rebound. Frankly, there is a key decision point in the price action: Are buyers trying to establish buying momentum? From the chart, the range of $92,000 to $93,000 (in red) has strong resistance, which previously prevented the price pump. Any failure to break above this area will further intensify the downward pressure.