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Bitcoin Price Analysis: BTC Gains Momentum but Is Rejection at $90K Imminent?

  • Bitcoin's bullish retracement continues towards $90K resistance.
  • Low trading activity suggests potential rejection at $90K, leading to short-term consolidation.
  • On the daily chart, increased buying pressure at the 200-day moving average ($85K) pushes Bitcoin towards the critical $90K zone.
  • Fluctuating Coinbase Premium Index indicates uncertainty among U.S. traders, but now turning positive, suggesting a potential resurgence of interest in BTC.

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