The probability of Bitcoin price rising above $90,000 with saturation

Overall bearish signals

In summary

Bitcoin faces a breakout above $90,000 if it surpasses resistance at $89,800, indicating the possibility of recovery after the recent downtrend.

Recent outflows from ETFs and a decrease in open interest suggest reduced liquidity pressure, which may lead to investor accumulation.

A slowdown in activity among long-term Bitcoin holders (LTH) indicates reduced selling, which strengthens the bullish momentum if market conditions improve.

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