Bitcoin price recovery could be capped at $90K — Here’s why

Bitcoin at Risk of Dropping to $75K if BTC's $83K Support Breaks, Chart Analysis Show

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) recovery rally has stalled since Sunday, raising the risk of a bearish shift in key indicators. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-…

Bitcoin price recovery could be capped at $90K — Here’s why

After consecutive drawdowns of 17.39% and 2.3% in February and March, Bitcoin’s (BTC) Q2 is shaping up nicely, with a return of 3.77% in April. While …

Bitcoin Price Recovery Could Falter Without Increased Buying Momentum

Highlights Bitcoin’s (BTC) price has responded favorably to enhanced macroeconomic factors, surging back to the $85,000 threshold for the first time since April 2. This upswing follows a turbulent phase where BTC briefly fell under $80,000. As optimism reignites, there are renewed calls for a potential surge toward the $100,000 milestone. However, despite the positive sentiment, a swift return to above $100,000 seems unlikely. Here’s why. Bitcoi…

Bitcoin Breaks $85k Barrier: Will BTC Price Hit $91k?

Bitcoin at $85,631 records an intraday recovery of 1.24%. This marks a bullish continuation after a price surge…

METRICS SHOWS A POTENTIALLY BULLISH DEVELOPMENT AHEAD FOR BTC

BTC saw a 13.2% price hike over the past six days, with the crypto once again above the key short-term level at $81k. This level had been a strong support in mid-March, but was flipped to resistance in the first week of April. he taker buy/sell volume revealed that the long/short ratio was 1.04. In other words, 51% of the taker volume was long, which pointed towards some short-term bullish sentiment.The whale orders chart from Coinglass showed a…