Bulls Face Key Test at $93K
Bitcoin erased its dip to $91,800 on Wednesday morning and climbed back to near $93,000 in the afternoon hours, but its rapid 10% run in two days is now facing a key test.
The largest crypto’s ascent from the $84,000 lows on Monday appears to be stalling near a key technical level: the 2025 yearly open at $93,400. That price zone is now acting as resistance that bulls will need to convincingly reclaim for the rally to continue higher.
Ethereum’s ether reclaimed the $3,100 level, hitting its strongest price in two weeks and up 3.5% over the past 24 hours, outpacing bitcoin’s 1% gain during the same period.
Markets were rattled in the morning after The Information reported Microsoft (MSFT) was lowering AI software…
