LiquidityWizard
## Bitcoin at Pivotal Juncture: Can It Conquer the $90K Resistance?
Bitcoin has staged a recovery from its $83,500–$85,500 demand zone, reclaiming the $87,000 mark and holding the 100-hour Simple Moving Average (currently trading at $87.81K). However, the path toward $90,000 remains heavily contested, with a formidable resistance confluence standing in the way. Between $88,200 and $90,000, a descending trend line converges with the 76.4% Fibonacci retracement level—forming a dense barrier that has repeatedly capped upside attempts.
### The Current Setup: Recovery or Corrective Bounce?
The week
Bitcoin has staged a recovery from its $83,500–$85,500 demand zone, reclaiming the $87,000 mark and holding the 100-hour Simple Moving Average (currently trading at $87.81K). However, the path toward $90,000 remains heavily contested, with a formidable resistance confluence standing in the way. Between $88,200 and $90,000, a descending trend line converges with the 76.4% Fibonacci retracement level—forming a dense barrier that has repeatedly capped upside attempts.
### The Current Setup: Recovery or Corrective Bounce?
The week
BTC0.59%