Bitcoin Rejected at $90K Again: What Sparks the Breakout?

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Heavy outflows from Bitcoin ETFs have diminished, putting BTC price in a better position to overcome the next hurdle at $93,000.

Bitcoin’s pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000.

BTC bulls must flip the $90,000-$93,000 range into new support.

Spot ETF outflows are stabilizing, suggesting a reduction in institutional sell pressure.

Bitcoin price must reclaim $93,000 as support
The BTC/USD dropped into a new range between $86,000 and $90,000, where it has been stuck since Jan. 20.

“Bitcoin is back to retesting $86,000-$87,000 range,” co-founder of Crypto India Aditya Singh said in a recent post on X, adding that the key support for Bitcoin is the 100-week moving average at $87,500.


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