Bitcoin is poised for a potential surge past $100,000 as it approaches the critical $90,000 to $92,000 resistance level. Recent consolidation below this range has seen heavy leverage and short positions accumulate, setting the stage for a breakout that could trigger stop-loss buying and short covering. Despite a previous pullback, Bitcoin's technical structure has stabilized, with reduced sell pressure. A sustained move above the resistance could diminish selling liquidity, paving the way for further gains.
Bitcoin Eyes $100,000 as It Nears $90,000 Resistance Break
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
