"Bitcoin Faces Selling Pressure at $90,000"

Son Min

Summary

It was stated that "Bitcoin (BTC) might face strong resistance around the $90,000 mark."
It was reported that "selling pressure may increase at the level of $90,000 to $93,000, the average purchase price by investors between last November and this February."
He added, "If it fails to break through this range, achieving a new all-time high (ATH) will be difficult."

An analysis suggests that Bitcoin (BTC) might face strong resistance around the $90,000 mark.

On the 26th (local time), a CryptoBizArt Glassnode analyst stated on X, "The average purchase price of Bitcoin by investors between last November and this February is around $90,000 to $93,000," adding, "If Bitcoin enters this range, break-even selling sentiment may occur, increasing selling pressure." He further added, "If it fails to break through this range, achieving a new all-time high (ATH) will be difficult."

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