💥 Bitcoin at $90K: A New Bull Run or a Trap?
Bitcoin is holding strong at the $90K level—could this be the beginning of a new bull run or a trap for traders? Here’s what to consider as BTC flirts with this critical price point.
Key Factors to Watch:
🔹 $90K Resistance – BTC has tested this level multiple times without breaking through. A clean break above could lead to a rapid price surge.
🔹 On-Chain Metrics – Whale movements and increased accumulation suggest that BTC might be gearing up for a bigger move.
🔹 Global Market Impact – With economic uncertainty worldwide, BTC is becoming more attractive as a hedge.
🔹 Momentum Indicators – RSI and MACD are showing neutral signs, which could indicate a potential breakout soon if volume spikes.
My Take:
Bitcoin’s price action at $90K is crucial. A break above $90K could trigger a move toward $100K and beyond, while a failure to break this level might lead to a consolidation or pullback.
💬 Are you buying the breakout or waiting for a dip? Let’s hear your thoughts!
