Bitcoin risks ’10-15%’ BTC price dip after key rejection near $89K
From CoinTelegraph
April 22, 2025 2:08:00 am:
Bitcoin (BTC) traders see resistance halting recent price gains, with BTC/USD cooling after hitting April highs of $88,874. The 200-day moving average acts as a barrier, sparking concerns of a potential correction. Traders note stochastic RSI values in “overbought” territory, hinting at a 10-15% pullback. However, some remain bullish on BTC, citing weakening US dollar and gold’s breakout as catalysts for a price reversal. Popular trader Cas Abbe believes $74K-$75K was the bottom for BTC, signaling a potential sustained rally.
Read more at Cointelegraph: Bitcoin risks ’10-15%’ BTC price dip after key rejection near $89K