BTCUSD Bitcoin Breaks $90K: Traders Consider This Price Range for Entry!Bitcoin has a short-term bullish outlook, but resistance around $90k may be too big to be broken in the coming days. BTC has a bullish H4 structure and according to the CMF, there is a massive capital inflow. This steady buying pressure can push the price towards the $905k resistance level.
The Bitcoin [BTC] price trajectory has been bullish over the past week. Compared to last Tuesday’s low of $81.1k, BTC is up 6.88% at press time.
BTC Breaks Local Resistance at $86.8K
Since late February, Bitcoin price has traded between $79.2 and $94.3k, with a midpoint of $86.8k. On March 24, the price surpassed the local resistance. This move was followed by a 2% pullback, but Bitcoin still shows potential for further growth. The 1-week liquidation heatmap shows a rejection on March 24 for a liquidity cluster at $88.2k. Another important pocket of liquidity is located between $88.9k and $89.7k, below the psychological level of $90k. A strong magnetic zone is identified at
83K, but the distance from the current BTC price of $86.6k suggests that a move to the upside is more likely. Technical analysis on the 4-hour chart further supports this short-term bullish outlook.The key resistance levels monitored are $90.5K and $94.3K, representing immediate bullish targets for Bitcoin.
However, a bearish reversal could occur between
89K and $89.7k. Swing traders should consider taking profits in this area. The next resistance at $90.5K could present a challenging hurdle for bulls.Trading is risky, control your position reasonably.
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