Why are retail Bitcoin investors eyeing the $90,000 mark?
Bitcoin is about to hit $90,000, but it's not easy to hold it steady. Let's talk about what's going on.
Bitcoin is now priced at $87,209 and is trying to reach $90,000, but it's hit a snag on the way. Why? Look at the 1-hour chart of BTC/USDT. There are a bunch of sell orders waiting at $90,000. As the price of Bitcoin approaches, these sell orders start to take effect, and the price falls back a bit. Looking up, there are more sell orders waiting at $91,150.
Looking at this order book, you can understand how difficult it is to hold the $90,000 mark.
Those bullish traders are looking forward to breaking through the $90,000 mark, so that the short positions between $90,000 and $93,000 can be swept away.
If we look at the spot trading volume, it is also rising steadily, especially on Coinbase, where Bitcoin is often sold at a high price, which is the momentum to reach $90,000.
In short, Bitcoin traders are all eyeing the $90,000 mark. Let's wait and see whether it can break through.
If you always miss the mark and don't know how to operate, you need to meet one condition to keep up with the learning: you must be strong in action, do it as soon as you say, like + leave a message, I will help you make a lot of money!
