Bitcoin Hits New All-Time High, Faces Seller Pressure at $90,000 Key Level

Bitcoin (BTCUSD) Sellers Counter Bullish Expansion

Bitcoin has reached a new all-time high, facing seller pressure at the critical $90,000 level. This surge highlights a strong bullish trend as the year approaches its end, with Bitcoin’s growth driven largely by rising institutional interest and supportive macroeconomic factors.

BTCUSD Price Levels

Resistance Zones: $90,000, $91,000
Support Zones: $80,000, $65,000
Despite various challenges throughout the year, the bulls have maintained their dominance, pushing Bitcoin through multiple key levels. After a pullback near the $65,000 support, Bitcoin regained bullish momentum, reaching toward the $90,000 zone. This rebound underscores the resilience of buyers, who have continued to drive the market upward, despite occasional selling pressure.

At the $90,000 mark, however, sellers have intervened, leading to a slight retracement. The crypto market appears to be at a crucial juncture, with bullish strength beginning to show signs of fatigue. Buyers may be pausing, providing sellers with an opportunity to initiate a pullback. The MACD (Moving Average Convergence and Divergence) remains in favor of the bulls, suggesting that buyers retain underlying strength despite recent selling pressure.

The MACD line still sits above the signal line, reflecting an overall bullish market sentiment, though the narrowing gap indicates a potential slowdown. The Stochastic Oscillator has entered overbought territory, suggesting that buyers may be pausing after an extended rally. This peak in the Stochastic Oscillator points to a possible pullback or consolidation as the market absorbs recent gains.

Market Expectation

In shorter time frames, early signs of a potential decline are emerging. The Stochastic Oscillator is beginning to drop, signaling a reduction in bullish momentum as buyers momentarily step back.
Nevertheless, the MACD remains positively positioned, offering buyers a potential advantage for another rally if the market finds strong support above the $80,000 zone. As crypto signals indicate, the market’s future trajectory will depend on whether buyers can regain momentum to push prices higher.

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