Bitcoin Price Analysis: Rally to $100K or Drop Below $90K Is Next for BTC?

TL;DR:

Bitcoin continues to consolidate just below a major resistance cluster after a strong recovery from the December lows. The price chart shows a clear sequence of higher lows, while on-chain data indicates that the percentage of supply in profit has undergone a deep reset and is now recovering.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.