Bitcoin Could Drop Below $90,000 If It Doesn’t Break This Level, Rally On Pause?

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Bitcoin Could Drop Below $90,000 If It Doesn’t Break This Level, Rally On Pause? - NewsBTC

Quick Summary:

The analyst noted that this trendline could be "a point of rejection again for Bitcoin For as long as it is a resistance,” adding that investors "could see lower range levels again.” November To Close With A Near 40% Rally Crypto analyst Ali Martinez noted that one key demand zone for Bitcoin is the $93,580 mark, as 667,000 addresses bought nearly 504,000 BTC at this price.

The analyst shared that Bitcoin has been moving within a one-day bullish falling wedge, retesting the lower range as support and bouncing in the morning.

Bitcoin (BTC) has been consolidating above the $90,000 support zone for the last ten days, reaching its latest all-time high (ATH) of $99,645 about a week ago.