ANALYSIS: BTC traders eye $90,000 resistance level after market rally, breakout may lead back to highs
US equities opened slightly higher, giving traders a long-awaited optimism, with a key factor preventing risk assets from moving lower being the US government and Trump's plans to potentially tweak a new round of trade tariffs. By analysing the short-term BTC price action, traders are focusing on the key resistance level of $90,000, and Bitcoin market participants have high expectations for the month of April given the historical trend of strong Bitcoin price performance. Anonymous analyst Daan Crypto Trades says that this rally in BTC can still be traded at a solid spot premium, and if it can maintain this level while slowly returning to the previous range (above $90,000), it could be expected to return to new highs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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