Bitcoin continues to find buyers on each dip, but charts suggest traders may struggle to overcome the $84,000-$92,000 resistance cluster.
Key points:
Bitcoin (BTC) pulled back near $79,000 on Friday, but buying at lower levels pushed the price toward $80,000. The next big question on traders’ minds is whether BTC will resume its uptrend or higher levels will again attract aggressive selling from bears.
CryptoQuant analyst IT Tech said in a Thursday QuickTake note that BTC needs to rally and maintain above $88,880 for a bottom to be confirmed. Until then, the $85,000 to $88,000 range is likely to see selling by buyers who want to “get out flat.”
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