Bitcoin (BTC) surged above $89,000 on April 22, reaching its highest point since early March, driven by strong demand during US trading hours the day before. However, the rally encountered significant resistance around the $90,000 mark, with sell-side liquidity hindering further progress. Data from Cointelegraph Markets Pro and TradingView indicates a steady climb towards $89,000 over the past six hours, raising speculation about the potential breakthrough at $90,000. Popular trader Daan Crypto Trades highlighted the importance of surpassing the $89,000 level, noting the presence of the 200-day simple moving average just above it. Overcoming these obstacles is crucial for confirming a breakout, according to the trader. Meanwhile, CryptoQuant’s head of Research, Julio Moreno, emphasized that the real test for Bitcoin bulls lies in surpassing the on-chain realized price between $91,000 and $92,000. This level typically acts as resistance in bearish market conditions, which currently applies to Bitcoin. Breaking through the $91,000-$92,000 range is seen as a key milestone for Bitcoin’s upward momentum. This article serves informative purposes only and does not offer investment advice. Readers are advised to conduct their own research before making any financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) surged above $89,000 on April 22, reaching its highest point since early March, driven by strong demand during US trading hours the day before. However, the rally encountered significant resistance around the $90,000 mark, with sell-side liquidity hindering further progress. Data from Cointelegraph Markets Pro and TradingView indicates a steady climb towards $89,000 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/104517"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=104517"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/104517\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=104517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=104517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=104517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}