Bitcoin Bears Hold $94K Resistance as Price Drops to $90,891 Weekly Close
Bitcoin Magazine
Bitcoin closed the week at $90,891 after failing to break $94,000 resistance, suggesting bears are currently in control.Summary
Bitcoin bulls were unable to overcome the $94,000 resistance level last week, resulting in a close at $90,891, which formed a doji candle indicating indecision and a potential bearish reversal. Bears are currently favored to push the price down toward the $87,000 support level, with $84,000 being the next critical support zone below that. If $84,000 breaks, the price could accelerate toward the low $70,000s. On the upside, bears will defend $91,400 resistance, while a decisive break above $94,000 is needed for bulls to regain momentum. The market is expected to remain choppy between $94,000 and $84,000 until one of these boundaries is decisively broken.
(Source：Bitcoin Magazine)