The rate of Bitcoin (BTC) has risen by 2.19% over the last 24 hours. On the hourly chart, the price of BTC is near the local resistance at $90,016. If it breaks out, the rise is likely to continue to the $91,000 zone. The volume has increased, which means there are high chances of seeing a further upward move.
On the longer time frame, one should focus on the nearest resistance at $90,471. If the daily bar closes above it, the accumulated energy might be enough for a blast to the $92,000-$93,000 range. Bitcoin is trading at $89,876 at press time. Bitcoin has risen by 2.19% over the last 24 hours.
Bitcoin (BTC) has risen by 2.19% over the last 24 hours. On the hourly chart, BTC sits near a local resistance around $90,016, with a breakout likely to push toward the $91,000 zone. Increased volume suggests a higher likelihood of further upside. On the longer time frame, traders should focus on the nearest resistance at $90,471. If the daily bar closes above it, energy could be enough for a blast to the $92,000-$93,000 range.
Bitcoin is trading at $89,876 at press time. In summary, a break above $90,471 would open the path to higher targets, while a failure to do so may keep BTC in a consolidation near current levels. Traders should monitor volume and intraday momentum for early signals.
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