Bitcoin Price Pause: Can $92K Support Hold?

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Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $92,000-$95,000 and return to new all-time highs.

Bitcoin’s relief rally to $91,000 appears to be cooling, but analysts say the short-term trend for BTC “remains up.” 

Bitcoin must next take out immediate resistance between $92,000 and $95,000.

Spot volume and trading activity must recover to lift BTC back into six figures.

Bitcoin bulls must reclaim the yearly open first
The BTC/USD pair has been trading within a tight range between $90,300 and $92,000 since recovering from multimonth lows of $80,000, per data from Cointelegraph Markets Pro and TradingView.

Private wealth manager Swissblock said that Bitcoin’s break below the yearly open at $93,300 was the “real shift” in trend.


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