BTC Price Flat at $90K—Is Volatility Coming Next?

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Bitcoin’s price dipped below $88,000 yesterday but has rebounded to almost $90,000 as of now, which is essentially where it has sat for a few consecutive days.

Most altcoins are also quite sluggish on a daily scale, which raises the question of whether this is just the calm before the storm, given the economic week ahead.

BTC Back to $90K

The primary cryptocurrency tested the $94,000 resistance on a couple of occasions last week, before and right after the US Federal Reserve cut the interest rates by another 25 bps. However, it couldn’t continue further north despite both attempts.

After another rejection and a dip below $90,000, BTC went on the run again at the end of the business week, but this time it was stopped at $93,600. What followed was another instant drop on Friday from over $92,000 to under $90,000 in minutes. It found support at $90,000 and spent most of the weekend trading above it.

That floor gave in on Sunday evening when the bears drove bitcoin south to $87,600. It bounced off once again and now stands close to $90,000. This level has turned out to be quite significant in BTC’s movements as of late, but there is likely to be more volatility in the week ahead due to these important economic developments in the US.

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