Analyst: BTC needs to rise back to 90,000 USD in order to end the current ongoing consolidation
ChainCatcher reports, according to Cointelegraph, market analyst Daan Crypto Trades suggests that Bitcoin may continue to consolidate in the current range for a while, especially if it fails to reclaim $90,000. He pointed out that since March 11th, BTC's price trend has been "fluctuating", but if the price returns to its previous range (above $90,000), sentiment and momentum will once again favor bulls. Moreover, once this happens, Bitcoin could quickly reach new highs. However, if it does not break through $90k mark , Bitcoin might potentially retest the price level of $73k-$74k.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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