 Here's why Bitcoin traders really want to punch through $90K 
2024-11-13

Bitcoin BTCUSD price is trying to punch through the $90,000 level but encountering some pushback. Let’s briefly explore why.
On the BTCUSDT 1-hour chart, we can observe a block of sell orders. As BTC price runs into these asks, the selling adds a bit of gravity to the price momentum, and price pulls back slightly. Another block of asks can also be observed at $91,150. 
Bullish traders would like to push through the $90,000 level in order to begin liquidating short positions in this region that extend to $93,000. 
Further evidence of this push to break through $90,000 can also be seen in the surge in spot volumes, notably at Coinbase, where Bitcoin tends to trade at a premium. 
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.