$90K Bitcoin Breakout: Sustainable Rally or False Hope?

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After a few consecutive days of little to no actual action, bitcoin’s price surged Monday morning to just over $90,000, where it faced some resistance.

This raises questions whether this latest rally is just another repeat of what has been transpiring for the past several weeks – breakout attempts to $90,000 followed by subsequent violent rejections and sideways action.

CW attributed today’s price revival to a favorable alignment of retail and whales who are simultaneously buying BTC. The analyst believes that retail returning is of particular interest as they have sat on the sidelines for a while, especially since the October crash.


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