Bitcoin traders warn BTC price rally may stall at $90K

Quick Summary:

Source: Daan Crypto TradesBitcoin price breaking $91-$92K is key — AnalystMeanwhile, CryptoQuant’s head of Research, Julio Moreno, said that the traders’ onchain realized price between $91,000 and $92,000 is the real test for Bitcoin bulls. Related: Bitcoin risks 10%-15% BTC price dip after key rejection near $89KAccording to Moreno, the traders’ realized price usually acts as resistance when the crypto market is bearish, which is the current situation of Bitcoin.

Source: Cointelegraph/TradingView“BTC is closing in on the big $ 90 K-$91 K horizontal area which acted as the previous range low,” said popular trader Daan Crypto Trades in an April 22 post on X. The trader explained that the price had swept the $89,000 level as it was consolidating below it.

Daan Crypto Trades said that the price needs to overcome these barriers in order to confirm a breakout. “Quite a few resistances close by, but a few percentage moves and you'll break through all of them, and the chart looks pretty great.Bulls know what to do.”BTC/USD daily chart.

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Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United States

Topics: Market Trading Crypto April Bitcoin Hours Price Chart Resistance Level Spot

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 14:45:46 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28151064

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