CandleFocus Bitcoin Price Pauses at $90K: Is This a Breather Before the Next Move?
2024-11-13
Author: Content Editor
The price of Bitcoin has continued to rise and has reached a new all-time high of $89,852. However, there was a minor decline below $88,500. The price is still above key support levels and a bullish trend line is forming. If the price breaks above $89,200, it could continue to rise towards $90,000 and potentially the $92,000 and $100,000 resistance levels. On the other hand, if it fails to break above $88,500, a downside correction may occur with support levels at $87,150 and $84,500. Technical indicators suggest that the bullish momentum is slowing down.
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