Is Bitcoin's $90,500 key resistance about to be broken? Multiple moving averages converging to form a bullish signal

Question

【BiTu】 Recently, Bitcoin has fallen below $90,000, but from the chart, the original trend has not been broken. On the 4-hour chart, there is an interesting phenomenon—several moving averages are converging together, forming a key resistance around $90,500. If this level can be broken, it will be a clear bullish signal.

Regarding take-profit levels, there is a dynamic adjustment: from the previous levels of $98,000, $103,300, $112,500 to the current levels of $96,200, $101,600, $110,000, and $112,500. Overall, in the context of continued liquidity improvement, assets like Bitcoin still have a high probability of continuing to rise. The market condition is quite favorable, and attention can be continued to be paid to the performance at these key levels.

EthMaximalist · Accepted Answer

90,500 breaking or not is the real test; the bulls still need to prove themselves.

AllInAlice · Answer

If it breaks 90,500, I'll believe it; otherwise, it's all nonsense.

Deconstructionist · Answer

Whether breaking 90,500 is key or not, it feels like there's a chance this time.

DecentralizedElder · Answer

Breaking through the 90,500 mark is what counts; don’t just talk about bullish signals, look at the actions.

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I bet on this wave of moving averages converging; if it breaks, it will surge.

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Are you adjusting the take-profit point again? This routine is played quite frequently.

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Liquidity improvement? Just listen to it; the key is whether it can break the resistance level.

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I’ve set a reminder at the 110,000 level.

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Basically, it’s stuck at 90,500. What to do if it can’t go up?

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Let’s wait for a breakout. Right now, the situation is indeed awkward.

DeFiVeteran · Answer

95,000 this threshold is indeed tough, but I've seen the moving average convergence pattern too many times. Once it breaks through, it will take off.

LayerZeroEnjoyer · Answer

9.05万 breakthrough or not is really crucial; the moving averages are consolidating, and if this wave doesn't go well, it could just be a false breakout trick.

Breaking through 9.62万 feels like there's real hope; for now, let's stay on the sidelines.

11万 is my target level; if it can stabilize here, then we're in a good position.

Multiple moving averages consolidating actually means accumulating strength—it's just a matter of who gives in first.

This wave of profit-taking and adjustments has been quite frequent; it feels like the market hasn't decided where to go yet.