Why Bitcoin could smash through $90K sooner than the market expects .
Bitcoin climbed back towards $86,000 on Friday, putting the cryptocurrency within striking distance of the resistance zone that has repeatedly capped its recovery.
BTC traded around $85,969 after reaching an intraday high of $86,794, helped by easing US Treasury yields and more than $200 million of short liquidations over 24 hours.
The immediate test sits around $87,000 to $88,000, with $90,000 increasingly visible beyond it.
Positioning remains cautious enough that a clean breakout could force traders to chase the move, adding fuel as resistance thins.
Bitcoin is running out of resistance before
$90,000 …
The analysts noted that Bitcoin was testing a $86,200 to $88,000 supply zone on Friday
after reclaiming $85,000.
Nansen senior research analyst Nicolai Sondergaard has identified $87,000 as the next key level after $85,000, with $90,000 becoming the psychological target if that barrier breaks.
$BTC
#BTC90kPump
Bitcoin climbed back towards $86,000 on Friday, putting the cryptocurrency within striking distance of the resistance zone that has repeatedly capped its recovery.
BTC traded around $85,969 after reaching an intraday high of $86,794, helped by easing US Treasury yields and more than $200 million of short liquidations over 24 hours.
The immediate test sits around $87,000 to $88,000, with $90,000 increasingly visible beyond it.
Positioning remains cautious enough that a clean breakout could force traders to chase the move, adding fuel as resistance thins.
Bitcoin is running out of resistance before
$90,000 …
The analysts noted that Bitcoin was testing a $86,200 to $88,000 supply zone on Friday
after reclaiming $85,000.
Nansen senior research analyst Nicolai Sondergaard has identified $87,000 as the next key level after $85,000, with $90,000 becoming the psychological target if that barrier breaks.
$BTC
#BTC90kPump
