Bitcoin Price Analysis: BTC Gains Momentum but Is Rejection at $90K Imminent?
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Bitcoin is experiencing a bullish retracement, climbing towards the $90K resistance level. Technical analysis suggests potential rejection and consolidation, with the Coinbase Premium Index showing early signs of positive sentiment among U.S. traders.
March 26, 2025 | 1:30 pm
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BTC is testing the $90K resistance zone with low trading momentum, increasing the likelihood of short-term consolidation or potential rejection.
Technical analysis indicates Bitcoin is approaching a critical resistance level with weak momentum. The descending price channel and low trading activity suggest a potential rejection or sideways movement in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100