Bitcoin is currently facing resistance at the triangle bottom neckline near $89,000, with the $90,000 level also acting as a significant barrier. The Average Directional Index (ADX) stands at 21, indicating a weak trend, while the contraction of Bollinger Bands around the midline suggests a range-bound market. Key support and resistance zones are identified at $86,000–$87,000 and $90,000, respectively. Traders should watch these levels for potential breakout signals.
Bitcoin Faces Resistance at $89,000 Amid Tightening Bollinger Bands
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