Bitcoin Price Analysis: BTC Faces First Major Test After 13% Weekly Rally
🚀 Bitcoin's price has surged to the $86K-$89K resistance zone, marking a critical test for the ongoing rally, with momentum remaining constructive but showing signs of hesitation.
📉 A notable bearish divergence in momentum is developing, indicating that while prices are rising, the strength of that rise may not be sustainable, potentially leading to a pullback towards the $80K-$82K demand zone.
💰 The confluence of technical resistance and realized price levels for various holder cohorts around $88K-$90K suggests that this area is crucial; a breakout could signal further bullish momentum, while a rejection may reinforce selling pressure.
🚀 Bitcoin's price has surged to the $86K-$89K resistance zone, marking a critical test for the ongoing rally, with momentum remaining constructive but showing signs of hesitation.
📉 A notable bearish divergence in momentum is developing, indicating that while prices are rising, the strength of that rise may not be sustainable, potentially leading to a pullback towards the $80K-$82K demand zone.
💰 The confluence of technical resistance and realized price levels for various holder cohorts around $88K-$90K suggests that this area is crucial; a breakout could signal further bullish momentum, while a rejection may reinforce selling pressure.