Bitcoin price news: Can BTC bulls break the curse of U.S. selling?
CoinDesk
Bitcoin bulls are fighting to overcome consistent selling pressure that occurs during U.S. trading hours, capping advances near $90,000.Summary
Bitcoin bulls are attempting to break a recurring pattern where price advances are capped by selling pressure during U.S. trading hours, often around the $90,000 mark. BTC dipped below $85,000 on Thursday afternoon but recovered above $89,000 when U.S. markets closed, only to face renewed selling upon the start of the Friday U.S. session. Currently, Bitcoin is trading steadily around $88,400. Concurrently, U.S. equities are performing strongly, particularly tech stocks like Nvidia, which is boosting related digital asset stocks such as BitMine and Galaxy Digital. Separately, Citigroup has set a base case target of $143,000 for Bitcoin within 12 months, contingent on continued ETF inflows and equity market strength.
(Source：CoinDesk)