BTC Technical Outlook: Eyes on $90K
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Bitcoin four-hour chart. Source: Cointelegraph/TradingViewFrom a technical perspective, Bitcoin must reclaim $90,000 and close above the monthly VWAP to signal buyer conviction. Immediate resistance lies between $90,500–$92,000, where liquidity may absorb buying pressure.
If BTC fails to break through, short positioning could increase, driving a retest of swing lows around $83,800. The softer November CPI has provided an initial boost, but traders remain cautious as early gains appear liquidity-driven. How BTC reacts in the coming sessions will determine whether this is the start of a trend or a short-term impulsive move.