Bitcoin Pullback the Next Logical Move Amid Stiff Resistance, Says Crypto Analytics Firm – Here Are the Targets
Prominent crypto analytics firm Swissblock says Bitcoin (BTC) may first pull back before heading higher after reclaiming the $90,000 range.
Swissblock says on the social media platform X that Bitcoin may correct to as low as $89,000 after running up against strong resistance in the mid-$90,000s.
“The $94,000-$95,000 zone is clearly the resistance to beat. A pullback to gain momentum seems like the next logical move, but how far? The $89,000-$90,000 zone could be next to test bulls, but with BTC’s structure strength, these dips are for buying.”
According to Swissblock’s chart, Bitcoin needs to hold support at $83,000 to remain in a bullish uptrend.
Next up, Swissblock says that the buying of spot…
