According to ChainCatcher, citing Cointelegraph, market analyst Daan Crypto Trades suggests that BTC might continue to consolidate in its current range, especially if it fails to reclaim $90,000. He noted that BTC price has been "fluctuating" since March 11th. However, if the price returns to the previous range (above $90,000), sentiment and momentum would become favorable for bulls, and once this occurs, BTC could quickly reach a new high. But if it fails to break through $90,000, BTC may retest the price levels between $73,000 and $74,000.
Analyst: BTC needs to rise back to $90,000 to end the current consolidation
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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