Bitcoin Encounters Key Resistance at $91,275 Amidst Market Consolidation
Bitcoin's price increased by 0.95% over the past week, currently trading at $84,872. It remains trapped in a consolidation range of $84,000 to $86,000 after a rally in early April.
Key Points
- Major resistance identified at $91,275, following a rebound from a low of $75,000.
- Short-term holders' realized price is $91,275, indicating a crucial level for market sentiment.
- Price above this level suggests bullish momentum; below indicates potential selling pressure.
- Breaking through $86,000 may lead to a rise towards $91,000.
- A fall below $84,500 could see prices drop to $84,000 or lower to $83,300.
