Bitcoin Aims for $90K Amid Warnings of Fragile Support
As excitement builds around a potential TRX ETF, Bitcoin is also making headlines—this time with bold targets and cautious nuances. Market analysts are pointing to $90,000 as the next significant price target for BTC. However, the path to this level may not be so straightforward.
Liquidity Analysis Signals Caution
A closer look at the liquidity data from Bitcoin's order books on major exchanges reveals an interesting pattern: current support levels appear unstable. In other words, the price of Bitcoin could drop lower before any serious attempt to test resistance near the $90K mark.
This aligns with BTC's recent behavior, where upward movements have been met with strong selling pressure, while downward corrections have failed to find solid support.
